Flagship Health Care Properties Acquires Winter Haven Office For $6.75M
SOLD
$6,750,000
Florida
See Similar DealsOffice27 SF
Sold 05/01/2023
SOLD
Flagship Health Care Properties Acquires Winter Haven Office For $6.75M
250 Avenue K Southwest, Winter Haven, Florida 33880, United States
See Similar DealsOffice27 SF
Sold 05/01/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$250,000
Total Square Footage:27 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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