Marcus & Millichap Sells Kissimmee Retail Property For $6.75M On W Irlo Bronson Memorial Hwy
5877 West Irlo Bronson Memorial Highway, Kissimmee, Florida 34746, United States
$6,750,000
$274/SF
Building Size
24,635 SF
Asset Type
Retail
Closing
Aug 31, 2022
AI
Located at 5877 W Irlo Bronson Memorial Hwy in Kissimmee, this retail property spans over 2.12 acres. The transaction was completed on 09/01/2022 with a sale price of $6,750,000. The property offers a total square footage of 24,635, resulting in a price per square foot of $274. Tim Giambrone from Marcus & Millichap represented the parties involved in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Address: 5877 W Irlo Bronson Memorial Hwy
- Market: Kissimmee
- Acres: 2.12
- Square Footage: 24,635
- Price per Square Foot: $274
- Broker: Tim Giambrone - Marcus & Millichap
The transaction was facilitated by Tim Giambrone from Marcus & Millichap, who acted as the representative for the parties involved in the deal.
Kissimmee 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93