Marcus & Millichap Brokers $6.9M Retail Sale On North Alafaya Trail, Orlando
641 North Alafaya Trail, Orlando, FL 32828
$6,875,000
$772/SF
Building Size
8,904 SF
Asset Type
Retail
Closing
Sep 27, 2021
AI
Located at 641 N Alafaya Trail in Orlando, this retail property was recently sold for a price of $6,875,000. The transaction took place on September 27, 2021, and involved a total area of 8,904 square feet. With a price per square foot of $772, this property offers a significant investment opportunity in the Orlando market.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $6,875,000
- Address: 641 N Alafaya Trail, Orlando
- Market: Orlando
- Square Footage: 8,904
The sale of this retail property was facilitated by James Garner, James Medefind, and Jim Shiebler from Marcus & Millichap. As experienced brokers in the industry, they successfully represented the buyer and seller in this transaction.
Players
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
2.31%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93