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Mark Goode And Roy Splansky Acquire 59 Acres Of Land In Orlando For $13.2M

Property Image
SOLD
$13,200,000

Florida

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Land
Sold 11/21/2024
the dealdetailscomps
Property Image
SOLD

Mark Goode And Roy Splansky Acquire 59 Acres Of Land In Orlando For $13.2M

Land
Sold 11/21/2024
the dealdetailscomps

Summary

Asset Type:Land
Transaction Type:Sale

The transaction involves the sale of 59 acres of land located along Beachline Expressway (State Road 528) near Innovation Way in Orlando. The sale price was $13,200,000. This parcel is situated within the Sunbridge Business Park Aerospace Parkway, which has approved industrial zoning, and is part of a larger 6,200 acres set to be annexed into Orlando.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $13,200,000
  • Buyer: Mark Goode & Roy Splansky - Venture One Real Estate
  • Seller: Matt Baldwin - Suburban Land Reserve Inc
  • Broker: CBRE

Venture One Real Estate's affiliate, V1 Beachline II & III LLC, was involved in this purchase indicating a strategic expansion into the industrial market of Orlando. This move highlights the growing demand and development in this area.

Details

SOLD
IMAGE: Mark Goode & Roy Splansky DATE: 11/21/2024 ADDRESS: Beachline Expressway (State Road 528) along Innovation Way MARKET: Orlando ASSET TYPE: Land ~ ACRES: 59 BUYER: Mark Goode & Roy Splansky - Venture One Real Estate SELLER: Matt Baldwin - Suburban Land Reserve Inc BROKER: CBRE (@CBRE) SALE PRICE: $13,200,000 NOTE: Venture One Real Estate's affiliate, V1 Beachline II & III LLC, purchased 59 acres in Sunbridge near Innovation Way for $13.2 million from Suburban Land Reserve Inc., marking a strategic move into Orlando’s expanding industrial market. The parcel, located in the Sunbridge Business Park Aerospace Parkway with approved industrial zoning, is part of the 6,200 acres soon to be annexed into Orlando.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
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