Capital Square 1031 Acquires Kissimmee Housing Community For $45.6M
SOLD
$45,600,000
Florida
See Similar DealsCo-Op1,367 SF
Sold 12/02/2020
SOLD
Capital Square 1031 Acquires Kissimmee Housing Community For $45.6M
4658 Whispering Pines Boulevard, Kissimmee, FL, USA
See Similar DealsCo-Op1,367 SF
Sold 12/02/2020
Summary
FLORIDA
Asset Type:Co-Op
Price Per Square Foot:$33,357
Total Square Footage:1,367 SF
Transaction Type:Sale
The housing community located at 4658 Whispering Pines Boulevard in Kissimmee has been sold for a total price of $45,600,000. The property spans across 61 acres, resulting in a price per acre of approximately $747,541. The transaction took place on December 2, 2020.
Summary of transaction details
- Property Type: Housing Community
- Transaction Amount: $45,600,000
- Address: 4658 Whispering Pines Boulevard
- Market: Kissimmee
Capital Square 1031, represented by Whitson Huffman and Louis Rogers, acquired the housing community from Kurtell Growth Industries.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,431,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$162,007.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$216,167.26
Annual Debt Service$2,594,007.17
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