Abraham Cherem Acquires Retail Property In Orlando For $4.2M
SOLD
$4,200,000
+ 1
Florida
See Similar DealsRetail7,900 SF
Sold 08/09/2021
SOLD
Abraham Cherem Acquires Retail Property In Orlando For $4.2M
7373 W Colonial Dr, Orlando, FL, USA
See Similar DealsRetail7,900 SF
Sold 08/09/2021
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$531
Total Square Footage:7,900 SF
Transaction Type:Sale
A retail property located at 7373 W. Colonial Dr. in Orlando has been sold for a price of $4,200,000. The property spans an area of 7,900 square feet, resulting in a price per square foot of $532. The transaction took place on 08/09/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 7373 W. Colonial Dr., Orlando
- Market: Orlando
- Buyer: Abraham Cherem
- Seller: Master Carwash
- Brokers: Adam Tiktin, Greg Matus, and Steven Logan - Franklin Street
Adam Tiktin, Greg Matus, and Steven Logan from Franklin Street represented the buyer and seller in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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