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
Orlando Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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