908 Group & Scannell Properties Acquire Multifamily Property In Orlando For $15.6M
12175 Science Drive, Orlando, FL, USA
$15,600,000
$12,000/SF
Building Size
1,300 SF
Asset Type
MultiFamily
Closing
Sep 21, 2021
AI
The multifamily property located at 12175 Science Drive in Orlando has been sold for a total price of $15,600,000. The property spans across 3.82 acres and was acquired by 908 Group and Scannell Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Address: 12175 Science Drive
- Market: Orlando
- Acres: 3.82
The sale of this property was facilitated by Travis Prince, Mike Donaldson, and Nick Meoli from Cushman & Wakefield. They represented 908 Group and Scannell Properties in the transaction.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93