Marcus & Millichap Brokers Acquire Medical Office Property For $5.05M In Altamonte Springs
106 Boston Avenue, Altamonte Springs, Florida 32701, United States
$5,050,000
$177/SF
Building Size
28,411 SF
Asset Type
—
Closing
Dec 15, 2021
AI
Located at 106 Boston Avenue in Altamonte Springs, this medical office was recently sold in a closed transaction. The deal was facilitated by brokers David Vaughan and Ray Turchi from Marcus & Millichap. The property offers a total square footage of 28,411, equating to a price per square foot of $178. The sale price for this transaction was $5,050,000.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $5,050,000
The presence of David Vaughan and Ray Turchi from Marcus & Millichap played a crucial role in successfully closing this deal. Their expertise and negotiation skills ensured a smooth transaction for all parties involved.
Players
Altamonte Springs CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93