Marcus & Millichap Brokers $6.9M Retail Sale On North Alafaya Trail, Orlando
SOLD
$6,875,000
Florida
See Similar DealsRetail8,904 SF
Sold
SOLD
Marcus & Millichap Brokers $6.9M Retail Sale On North Alafaya Trail, Orlando
641 North Alafaya Trail, Orlando, FL 32828
See Similar DealsRetail8,904 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$772
Total Square Footage:8904 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$366,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,425.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,591.01
Annual Debt Service$391,092.09
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