Casa Modern Furniture Acquires Retail Property In Orlando For $4.98M
730 West Sand Lake Road, Orlando, FL, USA
$4,980,000
$97/SF
Building Size
51,365 SF
Asset Type
Retail
Closing
Nov 4, 2021
AI
Casa Modern Furniture, represented by Moshe Shoshan, has acquired a retail property located at 730 W Sand Lake Road, Orlando. The property, sold by Margeaux Three Florida LLC, is situated in a bustling market. The transaction was facilitated by Tom Heer and Julia Sosa from LandQwest Commercial. The sale price for the property was $4,980,000, and the total leasable area spans 51,365 square feet, resulting in a price per square foot of $97.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $4,980,000
- Address: 730 W Sand Lake Road, Orlando
- Market: Orlando
Moshe Shoshan, representing Casa Modern Furniture, successfully concluded the acquisition of the retail property on 11/04/2021. Tom Heer and Julia Sosa, acting as the seller's representatives, played a crucial role in facilitating the transaction on behalf of Margeaux Three Florida LLC.
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
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93