Updated May 12, 2025
Marcus & Millichap Sells Apopka Development Site For $4M
230 South Binion Road, Apopka, FL 32703
$4,000,000
$3/SF
Building Size
1,329,015 SF
Asset Type
Development Site
Closing
May 12, 2020
About this deal
AI
The property asset involved in the transaction is a development site located at 230 S Binion Rd, Apopka. The transaction was completed with a sale price of $4,000,000.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 230 S Binion Rd
- Market: Apopka
- Broker: Paul Bouldin - Marcus & Millichap
Paul Bouldin, representing Marcus & Millichap, facilitated the transaction. The sale was finalized on 05/12/2021.
The development site sale at 230 South Binion Road, Apopka, FL 32703 in Apopka, Florida sold for $4M in 2020. The building is 1,329,015 square feet, implying about 3 per square foot on the published price. Paul Bouldin, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Apopka, Florida file for the 230 South Binion Road, Apopka, FL 32703 development site sold: pricing, party profiles, and other closed development site comps from the same Apopka sit in the Market section below. Filter that Apopka development site set by closing date to see what else sold near 230 South Binion Road, Apopka, FL 32703 around 2020. Published consideration for 230 South Binion Road, Apopka, FL 32703 is $4M, dated 2020. Cite this Marcus & Millichap Sells Apopka Development Site For $4M sale when underwriting similar development site product around Apopka, Florida.
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Apopka Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93