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22395 Edgewater Drive

Adam J. Tiktin & Sylvia Tiktin Acquire Office Property In Port Charlotte For $4.89M
SOLDOffice

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

Adam J. Tiktin

United Capital

Buyer

$32.1M

vol

4 deals

Buyer
UC
United CapitalBuyer

Punta Gorda Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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