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

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SOLD
$4,300,000

Florida

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Land
Sold 09/07/2023
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SOLD

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

12101 Research Pkwy Orlando, FL 32826, USA

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Land
Sold 09/07/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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
J. Wesley Rogers
5 deals$61.8M volume
BUYER

Details

SOLD
IMAGE: Wesley Rogers DATE: 09/07/2023 ADDRESS: 12101 Research Parkway Drive MARKET: Orlando ASSET TYPE: Land ~ ACRES: 13.8 BUYER: Landmark Properties (@landmarkpropertiesinc) - Wesley Rogers SALE PRICE: $4,300,000 NOTE: 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 is located at 12101 Research Parkway Drive, just east of North Alafaya Trail and is zoned for industrial use.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33