Candor Capital Acquires Medical Office Portfolio In Deltona, Orlando, Winter Springs, Longwood, And Sanford For $9.9M
596 Courtland Boulevard
$9,915,000
$334/SF
Building Size
29,690 SF
Asset Type
Medical Office
Closing
Nov 29, 2022
AI
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
Deltona Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93