Early this week in Florida saw closure on a significant condo project in Miami, as well as plenty of action in Florida submarkets. Significant deals were inked as investors continue looking for prime deals in secondary markets.
BY THE NUMBERS
In Orlando, fast-food restaurants and drugstores near employment hubs, theme parks or upscale communities trade with yields in the 5% range. Restaurants remain a sought commodity, yet the widening price gap between investors for recently traded local franchises lifted cap rates 100 basis points to the mid-6% area. (Source: Marcus & Millichap)
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