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.
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