Marcus & Millichap Sells Kissimmee Retail Property For $6.75M On W Irlo Bronson Memorial Hwy
SOLD
$6,750,000
Florida
See Similar DealsRetail24,635 SF
Sold 09/01/2022
SOLD
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
See Similar DealsRetail24,635 SF
Sold 09/01/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:24,635 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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