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7801 West Irlo Bronson Memo...

Baskar Subbiah Acquires Net Leased Retail In Kissimmee For $2.8M
SOLDRetail

Baskar Subbiah Acquires Net Leased Retail In Kissimmee For $2.8M

7801 West Irlo Bronson Memorial Highway

$2,802,105

$431/SF

Building Size

6,500 SF

Asset Type

Retail

Closing

Jan 30, 2023

AI

The net leased retail property located at 7801 West Irlo Bronson Memorial Highway in Kissimmee has been sold in a transaction. The property spans over 6,500 square feet and was sold for a total price of $2,802,105. This translates to a price per square foot of $431. The property is characterized by its prime location and serves as a valuable asset in the retail market.

Summary of transaction details:

  • Property Type: Net Leased Retail
  • Transaction Amount: $2,802,105
  • Square Footage: 6,500
  • Price Per Square Foot: $431

Baskar Subbiah is the buyer of this property, while Hassan Ladha served as the seller. Jonathan De La Rosa and Brandon Holmes from Marcus & Millichap represented the seller in this transaction. The deal marks the successful transfer of ownership from the seller to the buyer, emphasizing the role played by the involved individuals and companies in facilitating the sale.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Hassan Ladha

Hassan Ladha

Seller

$35M

vol

5 deals

Seller

Kissimmee 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

5.66%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93