Adam J. Tiktin & Sylvia Tiktin Acquire Office Property In Port Charlotte For $4.89M
22395 Edgewater Drive
$4,890,000
$40/SF
Building Size
121,968 SF
Asset Type
Office
Closing
Dec 29, 2023
AI
Located at 22395 Edgewater Drive in Port Charlotte, this office property was recently sold in a transaction handled by Sylvia Tiktin and Adam J. Tiktin. The buyers represented United Capital, a real estate agency based in Florida (unitedcapitalfl.com). The seller of the property was Bayshore Partnership, LLP, with Bill Harden representing them in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,890,000
- Square Footage: 12,216
- Price per Square Foot: $400
- Address: 22395 Edgewater Drive, Port Charlotte
- Market: Port Charlotte
This sale represents a successful transaction in the Port Charlotte office market, with a sale price of $4,890,000 and a total square footage of 12,216. Sylvia Tiktin and Adam J. Tiktin, representing United Capital, were able to complete the deal on behalf of the buyer. On the seller's side, Bill Harden, from Bayshore Partnership, LLP, handled the transaction. This sale marks another achievement for both the buyer and seller in the Port Charlotte market.
Players
Punta Gorda Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93