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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Deal FAQ
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