Eidi Properties Acquires Three Retail Buildings In Orlando From Kancov Investment For $3.75M
6237 East Colonial Drive, 5018 West Colonial Drive & 9320 South Orange Blossom Trail
$3,750,000
Building Size
—
Asset Type
Retail
Closing
Jun 11, 2025
About this deal
AI
The transaction involves the sale of three retail buildings located at 6237 East Colonial Drive, 5018 West Colonial Drive, and 9320 South Orange Blossom Trail in the Orlando market. The total sale price is $3,750,000. The properties are fully leased and represent Eidi Family Properties' entry into the Florida retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,750,000
- Buyer: Ramy Eidi - Eidi Properties
- Seller: Kancov Investment Limited Partnership
- Broker: Daniel Kukes - Landmark Investment Sales
This deal marks a significant acquisition by Eidi Family Properties, adding to their portfolio in Florida. The transaction aligns with a notable increase in retail investment activities, particularly benefiting freestanding buildings.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93