Updated Dec 19, 2023
The Boulder Group Acquires Retail/Development Site In Kissimmee For $1.4M
4370 Pleasant Hill Rd, Kissimmee, Fl 34746, Usa
$1,400,000
$635/SF
Building Size
2,202 SF
Asset Type
Development Site
Closing
May 25, 2020
About this deal
AI
The retail development site located at 4370 Pleasant Hill Rd in Kissimmee has been sold for a price of $1,400,000. The property spans an area of 1.058 acres, offering ample space for potential development. The transaction was facilitated by brokers Randy Blankstein and Jimmy Goodman from The Boulder Group. This marks a significant increase in value since the property was last sold for $615,000 in 2018.
Summary of transaction details:
- Property Type: Retail/Development Site
- Transaction Amount: $1,400,000
- Address: 4370 Pleasant Hill Rd, Kissimmee
- Market: Kissimmee
- Acres: 1.058
Randy Blankstein and Jimmy Goodman, representing The Boulder Group, played a crucial role in the successful completion of this deal. Their expertise and experience in the real estate market ensured a smooth transaction process.
Players
Kissimmee Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93