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Candor Capital Acquires Medical Office Portfolio In Deltona, Orlando, Winter Springs, Longwood, And Sanford For $9.9M

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SOLD
$9,915,000

Florida

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Medical Office29,690 SF
Sold 11/29/2022
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SOLD

Candor Capital Acquires Medical Office Portfolio In Deltona, Orlando, Winter Springs, Longwood, And Sanford For $9.9M

596 Courtland Boulevard

See Similar Deals
Medical Office29,690 SF
Sold 11/29/2022
Contact now

Summary

FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$334
Total Square Footage:29,690 SF
Transaction Type:Sale

The medical office property located at 596 Cortland Boulevard, 1651 N Semoran Boulevard, 501 W. State Road 434, 181 Sabal Palm Drive, 955 W. State Road 434, 1403 Medical Plaza Drive, and 1601 Park Center Dr. has been sold. The transaction took place in Deltona, Orlando, Winter Springs, Longwood, and Sanford. The property, spanning a total of 29,690 square feet, was sold for a price of $9,915,000, equating to a price per square foot of $334.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $9,915,000
  • Square Footage: 29,690
  • Market: Deltona, Orlando, Winter Springs, Longwood, Sanford

The buyer of the property is Candor Capital, represented by Ben Meshel and Adam Ibrahim. The seller is The Vlass Group, with Mike Vlass acting as the representative. The transaction was facilitated by Jonathan Peranich from Peranich Huffman Net Lease Group.

Players

Jonathan Peranich
4 deals$22M volume
BROKER

Ben Meshel
Candor Capital
15 deals$185.2M volume
BUYER

Adam Ibrahim
Candor Capital
12 deals$128.4M volume
BUYER

Details

SOLD
IMAGE: Ben Meshel & Adam Ibrahim DATE: 11/29/2022 ADDRESS: 596 Cortland Boulevard,1651 N Semoran Boulevard, 501 W. State Road 434, 181 Sabal Palm Drive, 955 W. State Road 434, 1403 Medical Plaza Drive & 1601 Park Center Dr. MARKET: Deltona, Orlando, Winter Springs, Longwood & Sanford ASSET TYPE: Medical Office BUYER: Candor Capital - Ben Meshel (@BMeshel) & Adam Ibrahim (@AdamIb1) SELLER: The Vlass Group - Mike Vlass BROKER: Jonathan Peranich - Peranich Huffman Net Lease Group SALE PRICE: $9,915,000 SF: 29,690 ~ PPSF: $334

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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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