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14831 Boggy Creek Road

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

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

14831 Boggy Creek Road

$15,000,000

Building Size

Asset Type

Development Site

Closing

Sep 30, 2025

AI

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

Mark Walsh

Silverpeak Real Estate Partners

Broker

$15M

vol

1 deal

Broker
Mark Walsh

Mark Walsh

Silverpeak Argentic

Buyer

$15M

vol

1 deal

Buyer

Orlando Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93