Abraham Cherem Acquires Retail Property In Orlando For $4.2M
7373 W Colonial Dr, Orlando, FL, USA
$4,200,000
$531/SF
Building Size
7,900 SF
Asset Type
Retail
Closing
Aug 9, 2021
AI
A retail property located at 7373 W. Colonial Dr. in Orlando has been sold for a price of $4,200,000. The property spans an area of 7,900 square feet, resulting in a price per square foot of $532. The transaction took place on 08/09/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 7373 W. Colonial Dr., Orlando
- Market: Orlando
- Buyer: Abraham Cherem
- Seller: Master Carwash
- Brokers: Adam Tiktin, Greg Matus, and Steven Logan - Franklin Street
Adam Tiktin, Greg Matus, and Steven Logan from Franklin Street represented the buyer and seller in this transaction.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93