SOLDDevelopment Site
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
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.
Players
Apopka 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93