Verax Investments Acquires 0.8-Acre Land In Winter Park For $2.25M
1805 W Fairbanks Ave Winter Park, FL 32789, USA
$2,250,000
Building Size
—
Asset Type
Land
Closing
Jul 10, 2023
About this deal
AI
A 0.8-acre land located at 1805 West Fairbanks Avenue in Winter Park, Florida, has been sold for $2,250,000. The buyer, Verax Investments - Ravi Gandhi, acquired the property from the seller, 1801 W Fairbanks LLC - Christopher Tracy.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,250,000
- Address: 1805 West Fairbanks Avenue, Winter Park, Florida
- Market: Winter Park
- Size: 0.8 acres
Verax Investments' subsidiary, Verax Florida LLC, has acquired the land which includes a T-Mobile cellular tower. The buyer plans to develop the site into a medical office with potential retail components.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93