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
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