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

Property Image
SOLD
$2,802,105

Florida

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Retail6,500 SF
Sold 01/30/2023
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Property Image
SOLD

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

7801 West Irlo Bronson Memorial Highway

See Similar Deals
Retail6,500 SF
Sold 01/30/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:6,500 SF
Transaction Type:Sale

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
140 deals$624.6M volume(786) 522-7027
BROKER

Brandon Holmes
Marcus & Millichap
9 deals$36.1M volume
BROKER

Hassan Ladha
5 deals$35M volume
SELLER

Details

SOLD
IMAGE: Jonathan De La Rosa & Brandon Holmes DATE: 01/30/2023 ADDRESS: 7801 West Irlo Bronson Memorial Highway MARKET: Kissimmee ASSET TYPE: Net Leased Retail BUYER: Baskar Subbiah SELLER: Hassan Ladha SELLER'S REP: Jonathan De La Rosa (@J_dlr_) & Brandon Holmes (@Brandonsadventure) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $2,802,105 SF: 6,500 ~ PPSF: $431 CAP RATE: 4.75%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,445.60

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,955.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,283.41
Annual Debt Service$159,400.89