Manoochehr Rahmankhah Purchases Development Site At 5903 Westgate Dr From Sagi Shaked For $950,000
Westgate Drive
$950,000
$14/SF
Building Size
65,775 SF
Asset Type
Development Site
Closing
Dec 2, 2024
AI
The property asset involved in the transaction is a development site located at 5903 Westgate Dr, Orlando, FL. The sale price is $950,000, and the property encompasses 65,775 square feet, resulting in a price per square foot of $14.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $950,000
- Square Footage: 65,775 SF
- Price per Square Foot: $14
- Buyer: Manoochehr Rahmankhah
- Seller: Sagi Shaked
- Brokers: Grant Steinberg, Brandon Senia, Rainer McDonald & Robert Goldberg - Matthews Real Estate Investment Services
- Date of Transaction: 12/02/2024
The deal involves key individuals including the buyer, Manoochehr Rahmankhah, and the seller, Sagi Shaked. The transaction is facilitated by a team of brokers from Matthews Real Estate Investment Services, who played a significant role in bringing together both parties for this deal.
Players
Orlando Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93