Constantino Zavos Acquires Development Site In Kissimmee, FL For $2.5M
4801 Siesta Lago Drive
$2,475,000
$9/SF
Building Size
252,513 SF
Asset Type
Development Site
Closing
Jan 29, 2024
AI
Located at 4801 Siesta Lago Dr in Kissimmee, FL, this development site was recently sold for $2,475,000. Spanning 252,513 square feet, the property offers ample space for potential development. With a price per square foot of $10, this transaction represents an exciting opportunity for the buyer.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,475,000
- Address: 4801 Siesta Lago Dr, Kissimmee, FL
- Square Footage: 252,513
- Price Per Square Foot: $10
Constantino Zavos successfully acquired this development site from Hernan Amenabar. The deal was facilitated by Tomas Sulichin of RelatedISG International Realty, who represented both the buyer and the seller. With their expertise, this transaction was brought to a successful close.
Kissimmee 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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93