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At The Intersection Of Inte...

Orion Real Estate Group Purchases Retail Asset In Davenport For $63.5 Million
SOLDRetail

Orion Real Estate Group Purchases Retail Asset In Davenport For $63.5 Million

At The Intersection Of Interstate 4 And U.s. Highway 27

$63,500,000

Units

460,145

Asset Type

Retail

Closing

Jun 25, 2025

AI

The property is a retail asset located at the intersection of Interstate 4 and U.S. Highway 27 in Davenport, FL. The sale took place on June 25, 2025, with a total price of $63,500,000. The asset encompasses approximately 460,145 square feet of space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $63,500,000.00
  • Address: At The Intersection Of Interstate 4 And U.s. Highway 27
  • Market: Davenport, FL
  • Units: 460,145
  • Buyer: Orion Real Estate Group

Orion Real Estate Group completed the purchase of the retail property, indicating a strategic investment in the Davenport market. This transaction reflects the firm's interests in expanding their portfolio within this region.

Players

Colliers
ColliersBrokerage

Davenport 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93