Phillips Edison & Company Purchases Retail Asset In Oviedo For $69.1 Million From MCB Real Estate
81 Alafaya Woods Boulevard
$69,100,000
$410/SF
Building Size
168,352 SF
Asset Type
Retail
Closing
Oct 14, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 81 Alafaya Woods Boulevard in Oviedo. The sale price for this asset was $69,100,000, and the total square footage measures 168,352, resulting in a price per square foot of $410.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $69,100,000
- Buyer: Phillips Edison & Company
- Seller: MCB Real Estate
- Brokers: Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr & Jacob Wise - JLL
The deal was facilitated by a team of brokers from JLL, namely Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr, and Jacob Wise, who represented the transaction for both the buyer and the seller, ensuring a smooth negotiation process between the parties involved.
On the Map
$69,100,000
$410/SF
Retail
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Oviedo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93