Q2 2012 Orlando, Florida Retail Property Sales Analysis

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Q2 2012 Orlando, Florida Retail Property Sales Analysis


The $101 million exchanged in 16 deals during the first half of 2012 kept the market on pace, more or less, with the performance seen in 2011. The total for the second quarter alone was $38.4 million for six transactions at an average selling price and mean cap rate of $267 psf and 9.3%. The 12-month rolling cap rate per quarter-end, however, was notably lower at 6.4%, down 100 basis points from a year earlier. In the latest quarter’s largest sale, Phillips Edison-ARC paid Kimco Realty Corporation $13.65 million ($113 psf) in June for the 120,699-square-foot Vine Street Square property in Kissimmee.