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7373 W Colonial Dr, Orlando...

Abraham Cherem Acquires Retail Property In Orlando For $4.2M
SOLDRetail

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

Adam Tiktin, Greg Matus, and Steven Logan from Franklin Street represented the buyer and seller in this transaction.

Players

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Abraham Cherem

Buyer

$12.8M

vol

2 deals

Buyer

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