Westgate Resorts Ltd. Sells Office Property In Orlando For $4.1M
SOLD
$4,100,000
Florida
See Similar DealsOffice38,356 SF
Sold 02/25/2022
SOLD
Westgate Resorts Ltd. Sells Office Property In Orlando For $4.1M
6177 Lake Ellenor Drive, Orlando, Florida 32809, United States
See Similar DealsOffice38,356 SF
Sold 02/25/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$106
Total Square Footage:38,356 SF
Transaction Type:Sale
Dave Siegel has sold an office property located at 6177 Lake Ellenor Drive in Orlando. The property spans across 3.3 acres and features a total of 38,356 square feet. The transaction took place on February 25, 2022, with a sale price of $4,100,000. This equates to a price per square foot of $107.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,100,000
- Address: 6177 Lake Ellenor Drive, Orlando
- Market: Orlando
- Size: 3.3 acres
In this transaction, Dave Siegel, representing Westgate Resorts Ltd., acted as the seller. The sale of the office property demonstrates the current market value in Orlando. It highlights the potential for growth and investment opportunities in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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