facebook
Traded Co logo
Submit

Ben Hur Investments Acquires Property From Flagler Realty & Development For $29.5 Million

Property Image
SOLD
$29,500,000
Maggie Holmes
Joey Odom
+ 1

National

See Similar Deals
Retail44,095 SF
the dealplayerscompscontact
Property Image
SOLD

Ben Hur Investments Acquires Property From Flagler Realty & Development For $29.5 Million

6200 W Irlo Bronson Memorial Hwy, C...

See Similar Deals
Retail44,095 SF
Maggie Holmes
Joey Odom
+ 1
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$669
Total Square Footage:44,095 SF
Transaction Type:Sale

The Shoppes at Celebration Place is a 44,095-square-foot retail center located at 6200-6296 W. Irlo Bronson Memorial Highway in Celebration, Florida. The property was sold for $29,500,000.00. At the time of sale, it was fully leased to various tenants, including Walgreens, Applebee’s, Arby’s, Dunkin’ Donuts, Chipotle Mexican Grill, and Five Guys Burgers & Fries.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: $29,500,000.00
  • Address: 6200 W Irlo Bronson Memorial Hwy, Celebration, Florida
  • Buyer: Ben Hur Investments
  • Seller: Flagler Realty & Development
  • Buyer's Representatives: K.B. Yabuku - Stan Johnson Company, Maggie Holmes - Stan Johnson Company
  • Brokers: Joey Odom
  • Square Footage: 44,095

The transaction was facilitated by Stan Johnson Company, with key representatives including K.B. Yabuku and Maggie Holmes, who represented the buyer. Joey Odom was involved in the brokerage services for the sale. Flagler Realty & Development, based in South Florida, was the seller in this transaction.

Players

3 deals$35.5M volume
BROKER


Mike Sladich
NorthMarq
6 deals$70.7M volume
BROKER

K.B. Yabuku
Colliers
1 deal$29.5M volume(404) 877-9202
BROKER

SELLER

Details

SOLD
IMAGE: 6200 W Irlo Bronson Memorial Hwy, C... BUYER'S REP: K.B. Yabuku-Stan Johnson Company Maggie Holmes-Stan Johnson Company BROKERS: Joey Odom BUYER: Ben Hur Investments SELLER: Flagler Realty & Development PRICE: $29,500,000.00 SF: 44095

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$104,807.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$139,845.05
Annual Debt Service$1,678,140.60