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Westgate Drive

Manoochehr Rahmankhah Purchases Development Site At 5903 Westgate Dr From Sagi Shaked For $950,000
SOLDDevelopment Site

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:

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

Rob Goldberg

Matthews

Broker

$107.3M

vol

25 deals

Broker

Orlando 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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93