Elevation Financial Group Acquires Office Property In Orlando From The Florida Hospital Association
307 Park Lake Circle, Orlando, Florida 32803, United States
$4,000,000
Building Size
—
Asset Type
Office
Closing
Sep 11, 2022
AI
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.
Players
Orlando 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93