Edward Zeman's Zeman Homes Acquires Indian Rocks Travel Park In Largo For $10.5M
12121 Vonn Road
$10,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 7, 2023
About this deal
AI
The Indian Rocks Travel Park in Largo has been sold to a Chicago-based investor for $10.5 million. The mixed-use property sits on approximately 9 acres and offers full-service amenities. It is strategically located near the Largo Golf Course, Splash Harbour Water Park, and Indian Rocks Beach.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,500,000
- Address: 12121 Vonn Road, Largo
- Market: Largo
- Acres: 9
The buyer, Edward Zeman of Zeman Homes, represented the Chicago-based investor in the transaction. Zeman Homes is a reputable real estate agency, and Edward Zeman is their representative in this deal. The purchase of Indian Rocks Travel Park presents a promising investment opportunity in the Largo area.
Players
Melrose Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93