TCB-WCO Acquires Retail Property In Orlando For $17 Million With Buyer's Rep Michael Smith & Seller's Rep Jose Sasson
7038 West Colonial Drive, Orlando, FL, USA
$17,000,000
$105/SF
Building Size
160,792 SF
Asset Type
Retail
Closing
Jul 12, 2021
About this deal
AI
The retail property located at 7038-7300 West Colonial Drive in Orlando has been sold for a transaction amount of $17,000,000. The property spans a total area of 160,792 square feet and is situated on 18 acres of land. The sale price per square foot is approximately $106, and the price per acre is roughly $944,444.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,000,000
- Address: 7038-7300 West Colonial Drive, Orlando
- Market: Orlando
The buyer in this transaction is TCB-WCO, an affiliate of Newport Capital Partners, represented by Michael Smith from Sands Investment Group. On the other hand, the seller is WCO Capital, an affiliate of Triarch Capital Group. The seller was represented by Jose Sasson from Axiom Capital Advisors.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93