O-O-O-O'Reilly...Auto Parts Leased Facility Sells for $2,520,000.00
The sale of the property located at 10361 E. Colonial Drive, Orlando, Florida 32817, closed on Friday, September 25, 2020.
The property is presently leased by O'Reilly Auto Parts, and whose jingle will be on my mind all day.
According to the deed, the buyer paid $2,520,000.00 for the 0.84 acre property improved with a 7,300 square foot building constructed in 2013.
The buyer and seller entered into a lease assumption at closing relating to the O'Reilly Auto Parts lease that was signed in 2012. The initial term of the lease is for 20 years, subject to renewal options and rent increases.
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Chirag B. Kabrawala, Esq.
Kabrawala Law Group PLLC