Marcus & Millichap Sells Retail Property In Edgewood For $7.5M With Buyer's Rep Salim Valiani & Seller's Rep Investment Properties Group - SRS Real Estate Partners
SOLD
$7,500,000
+ 1
Florida
See Similar DealsRetail78,647 SF
Sold 01/12/2022
SOLD
Marcus & Millichap Sells Retail Property In Edgewood For $7.5M With Buyer's Rep Salim Valiani & Seller's Rep Investment Properties Group - SRS Real Estate Partners
5601 South Orange Avenue
See Similar DealsRetail78,647 SF
Sold 01/12/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$95
Total Square Footage:78,647 SF
Transaction Type:Sale
A retail property located at 5601 S. Orange Avenue in Edgewood has been sold for $7,500,000. The property spans 78,647 square feet, resulting in a price per square foot of $95. The seller of the property was Dundurn USA Inc. LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Address: 5601 S. Orange Avenue
- Market: Edgewood
- Square Footage: 78,647
- Price per Square Foot: $95
The sale of this retail property was facilitated by Salim Valiani from Marcus & Millichap, representing the buyer. The seller was represented by Kevin Yaryan, Kyle Stonis, and Pierce Mayson from Investment Properties Group - SRS Real Estate Partners.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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