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730 West Sand Lake Road, Or...

Casa Modern Furniture Acquires Retail Property In Orlando For $4.98M
SOLDRetail

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

Tom Heer

LandQwest Commercial

Broker

$5M

vol

1 deal

Broker
FL
Florida LLCSeller

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