Arturo Borges Acquires Retail Property In Orlando For $22M From Seller Hoffner Center LLC
5449 S Semoran Blvd, Orlando, FL 32822
$22,000,000
$234/SF
Building Size
93,749 SF
Asset Type
Retail
Closing
Apr 13, 2022
AI
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.
Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93