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

Property Image
SOLD
$15,600,000
Travis Prince
Nicholas (Nick) Meoli
Michael (Mike) Donaldson

Florida

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MultiFamily1,300 SF
Sold 09/21/2021
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Property Image
SOLD

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

12175 Science Drive, Orlando, FL, USA

See Similar Deals
MultiFamily1,300 SF
Sold 09/21/2021
Travis Prince
Nicholas (Nick) Meoli
Michael (Mike) Donaldson
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$12,000
Total Square Footage:1,300 SF
Transaction Type:Sale

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 (Mike) Donaldson
Cushman & Wakefield
Michael Donaldson
20 deals$743.6M volume(813) 658-8278
BROKER
Nicholas (Nick) Meoli
Cushman & Wakefield
Nicholas Meoli
20 deals$743.6M volume(312) 470-1800
BROKER
Travis Prince
Cushman & Wakefield
Travis Prince
3 deals$134.4M volume
BROKER
Scannell Properties
Scannell Properties
BUYER

Details

SOLD
IMAGE: Mike Donaldson, Nick Meoli & Travis Prince DATE: 09/21/2021 ADDRESS: 12175 Science Drive MARKET: Orlando ASSET TYPE: Multifamily ~ ACRES: 3.82 BUYER: 908 Group & Scannell Properties BROKERS: Travis Prince, Mike Donaldson & Nick Meoli - Cushman & Wakefield SALE PRICE: $15,600,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$832,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,423.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,951.96
Annual Debt Service$887,423.50