Elevation Financial Group Acquires Office Property In Orlando From The Florida Hospital Association
SOLD
$4,000,000
Florida
See Similar DealsOffice
Sold 09/12/2022
SOLD
Elevation Financial Group Acquires Office Property In Orlando From The Florida Hospital Association
307 Park Lake Circle, Orlando, Florida 32803, United States
See Similar DealsOffice
Sold 09/12/2022
Summary
FLORIDA
Asset Type:Office
Transaction Type:Sale
The recently closed property transaction in Orlando involves an office asset located at 307 Park Lake Circle. This property spans across 2.12 acres and was sold by The Florida Hospital Association to the buyer, Elevation Financial Group. The transaction was facilitated by brokers Glen Jaffee and Jeff Sweeney from Cushman & Wakefield. The sale price for this property was $4,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 307 Park Lake Circle
- Market: Orlando
- Acres: 2.12
Elevation Financial Group, represented by Matthew Downs and Ben Friedman, acted as the buyer in this transaction. On the other hand, The Florida Hospital Association served as the seller. The deal was successfully closed with the assistance of brokers Glen Jaffee and Jeff Sweeney from Cushman & Wakefield.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
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Annual Debt Service$227,544.49
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