Landmark Properties Acquires 13.8 Acres Of Land Near UCF For $4.3M
12101 Research Pkwy Orlando, FL 32826, USA
$4,300,000
Building Size
—
Asset Type
Land
Closing
Sep 7, 2023
AI
Landmark Properties, a housing developer based in Athens, Georgia, has purchased 13.8 acres of vacant land near the University of Central Florida (UCF) for $4.3 million. The land, located at 12101 Research Parkway Drive in Orlando, is zoned for industrial use. This purchase marks Landmark Properties' foray into the Orlando market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,300,000
- Market: Orlando
- Address: 12101 Research Parkway Drive
- Buyer: Landmark Properties - Wesley Rogers
- Acres: 13.8
Wesley Rogers, from Landmark Properties, served as the buyer's representative in the transaction. The purchase of this 13.8-acre vacant land signifies Landmark Properties' strategic expansion plans into the Orlando market. Positioned near the University of Central Florida, the land holds immense potential for future development opportunities considering its size and location.
Orlando Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93