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7720 Turkey Lake Road

Aladin Asker Purchases Retail Property From Core IPF For $9.9 Million In Orlando
SOLDRetail

Aladin Asker Purchases Retail Property From Core IPF For $9.9 Million In Orlando

7720 Turkey Lake Road

$9,900,000

$515/SF

Building Size

19,213 SF

Asset Type

Retail

Closing

Mar 24, 2026

AI

The property asset involved in this transaction is a retail space located at 7720 Turkey Lake Road, Orlando. The sale price for this asset was $9,900,000. The total square footage of the retail property is 19,213, resulting in a price per square foot of $515.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,900,000
  • Square Footage: 19,213
  • Price per Square Foot: $515
  • Buyer: Aladin Asker
  • Seller: Core IPF
  • Brokers: Douglas K. Mandel, Tarek Chbeir, Zach Levine & Cody Hershey - Marcus & Millichap
  • Transaction Date: 03/24/2026

This transaction was facilitated by the representatives from Marcus & Millichap, including Douglas K. Mandel, Tarek Chbeir, Zach Levine, and Cody Hershey, who collectively handled the representation in this deal involving the buyer and seller.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker

Aladin Asker

Buyer

$9.9M

vol

1 deal

Buyer
CI
Core IPFSeller

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

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93