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JAC Management Acquires Retail Property In Orlando For $5.6M

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SOLD
$5,638,298

Florida

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Retail15,324 SF
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JAC Management Acquires Retail Property In Orlando For $5.6M

8000 Lake Underhill Rd, Orlando, FL, USA

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Retail15,324 SF
Sold
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$367
Total Square Footage:15324 SF
Transaction Type:Sale

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.

Players

Donald Shapiro
10 deals$58.8M volume
BROKER

Details

SOLD
IMAGE: Donald Shapiro DATE: 08/10/2021 ADDRESS: 8000 Lake Underhill Rd MARKET: Orlando ASSET TYPE: Retail BUYER: JAC Management - Joseph Chiaramonte SELLER: Cardinal Green Investments - Yvette Flores BROKER: Donald Shapiro (@DonnyShapiro) ASKING PRICE: $5,888,889 SALE PRICE: $5,638,298 SF: 15,324 ~ PPSF: $368 ACRES: 2.72 ~ PPA: $2,072,904

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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