Casa Modern Furniture Acquires Retail Property In Orlando For $4.98M
SOLD
$4,980,000
Florida
See Similar DealsRetail51,365 SF
Sold 11/04/2021
SOLD
Casa Modern Furniture Acquires Retail Property In Orlando For $4.98M
730 West Sand Lake Road, Orlando, FL, USA
See Similar DealsRetail51,365 SF
Sold 11/04/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$97
Total Square Footage:51,365 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$265,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,692.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,607.74
Annual Debt Service$283,292.89
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