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4801 Siesta Lago Drive

Constantino Zavos Acquires Development Site In Kissimmee, FL For $2.5M
SOLDDevelopment Site

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.

Players

Tomas Sulichin

RelatedISG International Realty

Broker

$161.4M

vol

22 deals

Broker

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