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307 Park Lake Circle, Orlan...

Elevation Financial Group Acquires Office Property In Orlando From The Florida Hospital Association
SOLDOffice

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

Glen Jaffee

Cushman & Wakefield

Broker

$18.2M

vol

3 deals

Broker
Ben Friedman

Ben Friedman

Buyer

$458.7M

vol

6 deals

Buyer

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