Newport Capital Partners Sells West Colonial Oaks Retail Center In Orlando For $25.1M

The property involved in the transaction is a grocery-anchored retail center named West Colonial Oaks, located at 7150 West Colonial Drive in Orlando, Florida. The retail center encompasses a total area of 161,333 square feet and has a sale price of $21,500,000, which equates to a per square foot price of $133.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,500,000
• Address: 7150 West Colonial Drive
• Market: Orlando, FL
• Square Footage: 161,333
• Sale Price Per Square Foot: $133
• Seller: Newport Capital Partners
• Broker Representatives: Brad Peterson & Whitaker Leonhardt - Colliers

Newport Capital Partners engaged Colliers for the transaction, with Brad Peterson and Whitaker Leonhardt representing the seller. The retail center is 95% occupied and anchored by SuperFresh Market, with additional tenants that include Ollie’s, Olive Garden, Family Dollar, and Crazy Buffet. Furthermore, there is a Home Depot shadow anchor and a recent long-term lease extension from SuperFresh.