Cardone Enterprises Group Inc Acquires Cottonwood Property From Courtelis Co For $50M
SOLD
$50,000,000
California
See Similar Deals243,602 SF
SOLD
Cardone Enterprises Group Inc Acquires Cottonwood Property From Courtelis Co For $50M
9932 Grande Lakes Boulevard, Orland...
See Similar Deals243,602 SF
Summary
CALIFORNIA
Price Per Square Foot:$205
Total Square Footage:243,602 SF
Transaction Type:Sale
The property at 9932 Grande Lakes Boulevard in the Cottonwood market has been sold for a transaction amount of $50,000,000.00. This property encompasses a total square footage of 243,602.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $50,000,000.00
- Address: 9932 Grande Lakes Boulevard, Orlando
- Market: Cottonwood
- Square Footage: 243,602
- Buyer: Cardone Enterprises Group, Inc
- Seller: Courtelis Co
- Buyer's Representative: Mark Rutherford-Cushman & Wakefield, Chris Lentz-Cushman & Wakefield
- Seller's Representative: Ken DelVillar-JLL
The transaction involved Cardone Enterprises Group, Inc as the buyer and Courtelis Co as the seller, facilitated by the representatives from Cushman & Wakefield and JLL, respectively. Mark Rutherford and Chris Lentz represented the buyer, while Ken DelVillar represented the seller.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
Is there something missing? Send suggestions