Massimo Guarini Acquires Retail Property In Orlando For $6.25M
83 E Colonial Dr, Orlando, FL, USA
$6,250,000
$2,090/SF
Building Size
2,990 SF
Asset Type
Retail
Closing
Mar 8, 2020
AI
The asset involved in this transaction is a retail property located at 83 E. Colonial Dr in Orlando. The sale price was $6,250,000, and the property has a square footage of 2,990. The price per square foot (PPSF) is valued at $2,090, and the capitalization rate (CAP) stands at 4.17%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,250,000
- Address: 83 E. Colonial Dr
- Market: Orlando
- Square Footage: 2,990
- Price Per Square Foot: $2,090
- Cap Rate: 4.17%
- Buyer: Massimo Guarini
- Seller: Colonial 7-Eleven LLC
- Brokers: John & Max Krzyminski - JLL Capital Markets
Key individuals in this transaction include the buyer, Massimo Guarini, and the seller, Colonial 7-Eleven LLC, represented by the brokers John and Max Krzyminski from JLL Capital Markets, who facilitated the deal.
Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93