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12301 West Colonial Drive, ...

Updated Oct 29, 2024

Winter Garden Hospitality LLC Acquires Land In Winter Garden For $2.1M
SOLD

Winter Garden Hospitality LLC Acquires Land In Winter Garden For $2.1M

12301 West Colonial Drive, Winter Garden, Florida 34787, United States

$2,100,000

Building Size

Asset Type

Closing

Dec 29, 2022

About this deal

AI

Winter Garden Hospitality LLC, represented by Dheeraj Reddy, has acquired a land asset located at 12301 W Colonial Dr in Winter Garden. The transaction took place on December 29, 2022, with Peoples Plaza LLC, represented by Dale Parsons, as the seller. The sale price for this transaction was $2,100,000.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,100,000
  • Address: 12301 W Colonial Dr, Winter Garden
  • Market: Winter Garden
  • Buyer: Winter Garden Hospitality LLC; Dheeraj Reddy
  • Seller: Peoples Plaza LLC - Dale Parsons

In this transaction, Winter Garden Hospitality LLC, led by Dheeraj Reddy, successfully acquired the land asset located at 12301 W Colonial Dr in Winter Garden from Peoples Plaza LLC, represented by Dale Parsons. The sale price for this transaction amounted to $2,100,000. This deal represents an important milestone for both the buyer and seller as they navigate the Winter Garden market.

Players

Winter Garden 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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