Updated Oct 29, 2024
Prospect Real Estate Group Acquires Development Site In Kissimmee For $10.4M
806 West Oak Street, Kissimmee, Florida 34741, United States
$10,400,000
$22,958/SF
Building Size
453 SF
Asset Type
Development Site
Closing
Jun 1, 2023
About this deal
AI
The development site located at 806 W Oak St in Kissimmee has been sold for $10,400,000. Spanning a total area of 453,024 square feet, the property was acquired by Prospect Real Estate Group, represented by Navish Chawla, Richard G. Zahn Sr., Michele Zahn, and Willie Frias. The seller, Saxon Partners, was represented by David Calcanis from Colliers International. The transaction was completed on January 6, 2023.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,400,000
- Square Footage: 453,024
- Address: 806 W Oak St, Kissimmee
- Market: Kissimmee
Moushumi "Chinni" Ganguli from CityLights RE, Inc represented the buyer's side and played a key role in the successful completion of the deal. The buyer, Prospect Real Estate Group, demonstrated their confidence in the investment by acquiring this development site. Through their expertise and negotiaon skills, they secured a valuable asset in the Kissimmee market.
On the Map
$10,400,000
$22,958/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