Justin Ghazvini Purchases Retail Property From West Second Street Associates In Orlando For $11.5M
SOLD
$11,500,000
Florida
See Similar DealsRetail26,148 SF
Sold 11/21/2025
SOLD
Justin Ghazvini Purchases Retail Property From West Second Street Associates In Orlando For $11.5M
8600 Vineland Avenue
See Similar DealsRetail26,148 SF
Sold 11/21/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$439
Total Square Footage:26,148 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 8600 Vineland Avenue in the Orlando market. The sale of this retail asset was completed for a total price of $11,500,000, encompassing a total square footage of 26,148 square feet, resulting in a price per square foot of $439.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 8600 Vineland Avenue
- Market: Orlando
- Square Footage: 26,148
- Price Per Square Foot: $439
- Buyer: Justin Ghazvini
- Seller: West Second Street Associates
- Brokers: John Krzyminski & Max Krzyminski - Green Towers Realty
Key individuals in this transaction include Justin Ghazvini as the buyer and West Second Street Associates as the seller. The brokerage team representing the transaction consists of John Krzyminski and Max Krzyminski from Green Towers Realty, facilitating the sale process between the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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