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12175 Science Drive, Orland...

908 Group & Scannell Properties Acquire Multifamily Property In Orlando For $15.6M
SOLDMultiFamily

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

Michael Donaldson

Cushman & Wakefield

Broker

$743.6M

vol

20 deals

Broker
Scannell Properties
Scannell PropertiesBuyer

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