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806 W Oak Street,Florida 34...

Prospect Real Estate Group Acquires Development Site In Kissimmee For $10.4M
SOLDDevelopment Site

Prospect Real Estate Group Acquires Development Site In Kissimmee For $10.4M

806 W Oak Street,Florida 34741,United States

$10,400,000

$23/SF

Building Size

453,024 SF

Asset Type

Development Site

Closing

Jan 6, 2023

AI

The development site located at 806 W Oak St in Kissimmee has been sold for a transaction amount of $10,400,000. The property spans a total of 453,024 square feet, resulting in a price per square foot of $23.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $10,400,000
  • Address: 806 W Oak St
  • Market: Kissimmee
  • Square Footage: 453,024 SF
  • Price per Square Foot: $23

Prospect Real Estate Group, represented by Navish Chawla, Richard G. Zahn Sr., Michele Zahn, and Willie Frias, acquired the property from Saxon Partners. The buyer's representative in this transaction was Moushumi "Chinni" Ganguli of CityLights RE, Inc, while David Calcanis of Colliers International represented the seller.

Players

Moushumi Chinni Ganguli

Broker

$47.2M

vol

5 deals

Broker

Navish Chawla

Prospect Real Estate Group

Buyer

$20.8M

vol

2 deals

Buyer
PG
Prospect Real Estate GroupBuyer
SP
Saxon PartnersSeller

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93