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12101 Research Pkwy Orlando...

Landmark Properties Acquires 13.8 Acres Of Land Near UCF For $4.3M
SOLDLand

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.

Players

J. Wesley Rogers

Landmark Properties

Buyer

$61.8M

vol

5 deals

Buyer

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