Massimo Guarini Acquires Retail Property In Orlando For $6.25M

Massimo Guarini has acquired a retail property located at 83 E. Colonial Dr in Orlando. The transaction took place on 03/09/2020 with a sale price of $6,250,000. The property, owned by Colonial 7-Eleven LLC, spans across 2,990 square feet. This retail asset in the Orlando market was sold at a rate of $2,090 per square foot, resulting in a capitalization rate of 4.17%.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,250,000
• Address: 83 E. Colonial Dr, Orlando
• Market: Orlando
• Buyer: Massimo Guarini
• Seller: Colonial 7-Eleven LLC
• Brokers: John & Max Krzyminski - JLL Capital Markets
• Square Footage: 2,990
• Price per Square Foot: $2,090
• Capitalization Rate: 4.17%

The deal was facilitated by John & Max Krzyminski from JLL Capital Markets, representing both the buyer, Massimo Guarini, and the seller, Colonial 7-Eleven LLC.