Arturo Borges Acquires Retail Property In Orlando For $22M From Seller Hoffner Center LLC
SOLD
$22,000,000
Florida
See Similar DealsRetail93,749 SF
Sold 04/14/2022
SOLD
Arturo Borges Acquires Retail Property In Orlando For $22M From Seller Hoffner Center LLC
5449 S Semoran Blvd, Orlando, FL 32822
See Similar DealsRetail93,749 SF
Sold 04/14/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$234
Total Square Footage:93,749 SF
Transaction Type:Sale
The retail property located at 5449 S. Semoran Blvd in Orlando has been sold in a transaction worth $22,000,000. The property spans a total of 93,749 square feet, resulting in a price per square foot of $235. The sale took place on April 14, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,000,000
- Address: 5449 S. Semoran Blvd
- Market: Orlando
- Asset Type: Retail
The buyer of the property is Arturo Borges from Avanti Way Capital, while the seller is Hoffner Center LLC. The deal was facilitated by brokers Salim Valiani and Andrew Jaworski from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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