Flagship Health Care Properties Acquires Winter Haven Office For $6.75M
250 Avenue K Southwest, Winter Haven, Florida 33880, United States
$6,750,000
$250,000/SF
Building Size
27 SF
Asset Type
Office
Closing
May 1, 2023
AI
A 27,910 square foot office property located at 250 Ave. K SW in Winter Haven has been sold. The transaction took place on January 5, 2023, with a sale price of $6,750,000. The property, marketed in Winter Haven, was purchased by Flagship Health Care Properties, represented by Gerald Quattlebaum.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,750,000
- Address: 250 Ave. K SW, Winter Haven
- Market: Winter Haven
- Buyer: Flagship Health Care Properties - Gerald Quattlebaum
- Square Footage: 27,910
- Price per Square Foot: $242
Gerald Quattlebaum, representing Flagship Health Care Properties, played a key role in the successful sale of this office property in Winter Haven.
Winter Haven 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93