Marcus & Millichap Sells 6.46-Acre Land Parcel In Orlando For $4.2M
Orlando
$4,200,000
Units
258
Asset Type
Land
Closing
May 16, 2023
About this deal
AI
Marcus & Millichap has sold a 6.46-acre land parcel in Orlando, Florida, for $4.2 million. The property is located near downtown Orlando and is fully permitted for a 258-unit multi-family development. The sale received multiple offers at full price within two weeks of listing.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,200,000
This transaction was facilitated by Marcus & Millichap, a reputable real estate brokerage firm.
The land sale at Orlando in Orlando, Florida sold for $4.2M in 2023. Orlando is classified as Land on Traded. This page is the Orlando, Florida file for the Orlando land sold: pricing, party profiles, and other closed land comps from the same Orlando sit in the Market section below. Filter that Orlando land set by closing date to see what else sold near Orlando around 2023. Published consideration for Orlando is $4.2M, dated 2023. Cite this Marcus & Millichap Sells 6.46-Acre Land Parcel In Orlando For $4.2M sale when underwriting similar land product around Orlando, Florida.
Players
Orlando 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93