Core Investment Properties Fund Acquires Retail Property On International Drive In Orlando For $2.4M
7364 International Drive, Orlando, FL, USA
$2,425,000
$260/SF
Building Size
9,300 SF
Asset Type
Retail
Closing
May 9, 2021
AI
The retail property located at 7364 International Drive in Orlando has been sold for $2,425,000. The property spans 9,300 square feet, equating to a price per square foot of $260. The lot size of the property is 39,814 square feet.
Summary of Transaction Details:
- Property Type: Retail
- Sale Price: $2,425,000
- Square Footage: 9,300
- Price Per Square Foot: $260
- Lot Size: 39,814 SF
Core Investment Properties Fund purchased the property from B.J. Singh. Brandon Lumish and Aaron Labovitz from ABL Real Estate Partners represented Core Investment Properties Fund in the transaction as their buyer's representatives.
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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93