Manoochehr Rahmankhah Purchases Development Site At 5903 Westgate Dr From Sagi Shaked For $950,000
SOLD
$950,000
+ 1
Florida
See Similar DealsDevelopment Site65,775 SF
Sold 12/02/2024
SOLD
Manoochehr Rahmankhah Purchases Development Site At 5903 Westgate Dr From Sagi Shaked For $950,000
Westgate Drive
See Similar DealsDevelopment Site65,775 SF
Sold 12/02/2024
+ 1
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$14
Total Square Footage:65,775 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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