Marcelo Aramendi Acquires Orlando Hotel On Turkey Lake Rd For $12.75M
SOLD
$12,750,000
Florida
See Similar DealsHotel192,971 SF
Sold 03/31/2022
SOLD
Marcelo Aramendi Acquires Orlando Hotel On Turkey Lake Rd For $12.75M
9350 Turkey Lake Road, Orlando, Florida 32819, United States
See Similar DealsHotel192,971 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$66
Total Square Footage:192,971 SF
Transaction Type:Sale
A hotel located at 9350 Turkey Lake Rd in Orlando has been sold for $12,750,000. The property, spanning 192,971 square feet, was purchased by Marcelo Aramendi from the seller, Dr. Kang Reddy. The transaction took place on March 31, 2022. Ahmed Kabani, Luis Garino, and Suraj Dalal, representing Marcus & Millichap, acted as the brokers for the deal.
Summary of transaction details:
- Property Type: Hotel
- Sale Price: $12,750,000
- Address: 9350 Turkey Lake Rd, Orlando
- Buyer: Marcelo Aramendi
- Seller: Dr. Kang Reddy
- Brokers: Ahmed Kabani, Luis Garino, Suraj Dalal - Marcus & Millichap
- Square Footage: 192,971
Ahmed Kabani, Luis Garino, and Suraj Dalal, representing Marcus & Millichap, played key roles in facilitating the transaction. They ensured a smooth transfer of ownership between the buyer, Marcelo Aramendi, and the seller, Dr. Kang Reddy.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
Is there something missing? Send suggestions