JAC Management Acquires Retail Property In Orlando For $5.6M

The retail property located at 8000 Lake Underhill Rd in Orlando has been sold in a recent transaction. The property spans an area of 15,324 square feet and sits on a 2.72-acre plot. The sale price for this asset was recorded at $5,638,298, resulting in a price per square foot of $368. The asking price for the property was set at $5,888,889, indicating a successful negotiation for the buyer.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,638,298
• Square Footage: 15,324
• Address: 8000 Lake Underhill Rd, Orlando

In this transaction, the buyer was represented by JAC Management's Joseph Chiaramonte. JAC Management successfully acquired the property from Cardinal Green Investments, with Yvette Flores serving as the seller. The deal was facilitated by broker Donald Shapiro, who played a key role in the negotiation process.