facebook

traded

+ Submit
Home

/

Deals

/

National

/

Retail

/

Sale

/

6200 W Irlo Bronson Memoria...

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

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

6200 W Irlo Bronson Memorial Hwy, C...

$29,500,000

$669/SF

Building Size

44,095 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

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

Joey Odom

Broker

$35.5M

vol

3 deals

Broker
FD
Flagler Realty & DevelopmentSeller

Market 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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93