SOLD
Forte Acquires Special Purpose Property In Orlando From Robert Cascio For $2.4M
728 Gear Lake Ave
Building Size
—
Asset Type
—
Closing
Jun 16, 2022
About this deal
AI
For Sale: A special purpose property located at 728 Gear Lake Ave in Orlando has been sold for a price of $2,445,000. The property spans a total area of 9,153 square feet, resulting in a price per square foot of $267.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $2,445,000
- Address: 728 Gear Lake Ave
- Market: Orlando
The buyer in this deal was FORTEC, while the seller was Robert Cascio. Colliers served as the broker facilitating the transaction.
On the Map
Players
FORTECBuyer
Orlando 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93