Updated Dec 4, 2024
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
About this deal
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.
On the Map
$10,400,000
$23/SF
Development Site
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Players
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