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1511 Simmons Rd Kissimmee, ...

Nelda V. Tarcai Sells Land On Simmons Road In Kissimmee For $2.89M With Broker John Paul Piedra - Kerdyk Real Estate
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Nelda V. Tarcai Sells Land On Simmons Road In Kissimmee For $2.89M With Broker John Paul Piedra - Kerdyk Real Estate

1511 Simmons Rd Kissimmee, FL 34744, USA

$2,890,000

$13/SF

Building Size

210,395 SF

Asset Type

Land

Closing

Jun 2, 2023

AI

Located at 1511 Simmons Road in Kissimmee, this land asset is now available for sale. The property spans a total of 210,395 square feet, offering ample space for potential development. The sale price for this land is set at $2,890,000, resulting in a price per square foot of $14.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $2,890,000
  • Square Footage: 210,395
  • Address: 1511 Simmons Road
  • Market: Kissimmee

Representing the seller in this transaction is Nelda V. Tarcai. The broker for this deal is John Paul Piedra from Kerdyk Real Estate. With their expertise in the field, they have facilitated the sale of this land asset. It is worth noting that a three-story, 120,000 square foot climate-controlled self-storage development is planned for the site, as mentioned by the broker.

Players

John Paul Piedra

Kerdyk Real Estate

Broker

$49.5M

vol

6 deals

Broker

Market 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

5.49%

Cash-on-Cash

-1.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93