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
About this deal
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.
On the Map
Retail
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Orlando Retail Market Snapshot
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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