Tarek Chbeir Of Marcus & Millichap Represents Sale Of Turkey Lake Plaza In Orlando For $10.8M
7858 Turkey Lake Road
Building Size
19,719 SF
Asset Type
Retail
Closing
Oct 14, 2024
AI
Turkey Lake Plaza is a retail center located at 7858 Turkey Lake Road in Orlando. The property spans 19,719 square feet and was built in 2010. It is currently leased to 12 tenants, including Gyu-Kaku Japanese BBQ. The sale transaction was executed at a price of $10,800,000, equating to a price per square foot of $548.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,800,000
- Square Footage: 19,719
- Address: 7858 Turkey Lake Road
- Market: Orlando
- Price Per Square Foot: $548
- Buyer: Karishma Scheid
- Broker: Tarek Chbeir - Marcus & Millichap
Marcus & Millichap facilitated the sale, playing a critical role in bringing together the buyer and seller for this retail transaction, indicating their expertise in handling properties of this nature in the market.
Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · All transaction types transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93