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James Heistand Of Parkway, Mark Walsh & Brett Bossung Of Silverpeak Acquire 22 Acres In Orlando For $15M

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SOLD
$15,000,000

Florida

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Development Site
Sold 09/30/2025
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SOLD

James Heistand Of Parkway, Mark Walsh & Brett Bossung Of Silverpeak Acquire 22 Acres In Orlando For $15M

14831 Boggy Creek Road

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Development Site
Sold 09/30/2025
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

A development site consisting of 22 acres located at 14831 Boggy Creek Road in Orlando has been sold for $15,000,000. The asset is positioned in a developing area, contributing to the rise of local infrastructure and amenities.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $15,000,000
  • Address: 14831 Boggy Creek Road
  • Market: Orlando
  • Asset Size: 22 acres

The buyers of the property are James Heistand representing Parkway, along with Mark Walsh and Brett Bossung representing Silverpeak, and Everest Equity Group. Together, they intend to develop Bennett Place, a $120M mixed-use project that includes plans for 350 multifamily units, three 1-acre ground lease pads, and 6,000 square feet of retail space, with vertical construction scheduled to commence in March 2026.

Players

1 deal$15M volume
BROKER


Brett Bossung
Silverpeak Argentic
1 deal$15M volume
BUYER

Details

SOLD
IMAGE: Mark Walsh, Brett Bossung & James Heistand DATE: 09/30/2025 ADDRESS: 14831 Boggy Creek Road MARKET: Orlando ASSET TYPE: Development Site ~ ACRES: 22 BUYER: James Heistand - Parkway; Mark Walsh & Brett Bossung - Silverpeak; Everest Equity Group SALE PRICE: $15,000,000 NOTE: Parkway, Silverpeak and Everest Equity Group bought 22 acres in Lake Nona for $15M to develop Bennett Place, a $120M mixed-use project. Plans call for 350 multifamily units, three 1-acre ground lease pads, and 6,000 sf of retail, with vertical construction slated for March 2026.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83