Eric Holm's Metro Corral Partners Sells Celebration Retail Property For $10M
6077 W Irlo Bronson Memorial Hwy, Celebration, FL 34747, United States
$10,000,000
Building Size
—
Asset Type
Retail
Closing
Mar 2, 2022
About this deal
AI
The retail property located at 6077 W. Irlo Bronson Memorial Hwy in Celebration has been sold for $10,000,000. The property spans over 2.39 acres and is situated in a prime location. The transaction took place on March 3, 2022, with a capitalization rate of 5.09%. The seller, Metro Corral Partners, was represented by Eric Holm. The deal was facilitated by brokers Roee Ben-Moshe and Leeor Ben-Moshe from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 6077 W. Irlo Bronson Memorial Hwy
- Market: Celebration
- Acres: 2.39
This notable transaction was made possible by the collaborative efforts of seller Eric Holm from Metro Corral Partners and brokers Roee Ben-Moshe and Leeor Ben-Moshe from Marcus & Millichap. With their expertise in the real estate market, they successfully closed the deal at a competitive capitalization rate of 5.09%. This transaction highlights the demand and value of retail properties in Celebration.
Players
Kissimmee Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93