Intram Investments Acquires 15-Acre Land Parcel In Kissimmee For $5.75M
Kissimmee, Florida
$5,750,000
Building Size
—
Asset Type
Land
Closing
May 17, 2023
AI
Intram Investments, represented by Randy Hodge, has acquired a 15-acre land parcel in Kissimmee for $5.75 million. The property is located at the intersection of Poinciana Boulevard and Oren Brown Road. Intram sees potential for a mixed-use development considering its strategic location near the W192 tourism corridor and the Poinciana SunRail station.
Summary of transation details
- Property Type: Land
- Transaction Amount: $5,750,000
- Market: Kissimmee
- Acres: 15
The transaction was facilitated by Dusty Calderon of SVN Saunders Ralston Dantzler, who served as the broker for Intram Investments.
Players
Kissimmee 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93