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6177 Lake Ellenor Drive, Or...

Westgate Resorts Ltd. Sells Office Property In Orlando For $4.1M
SOLDOffice

Westgate Resorts Ltd. Sells Office Property In Orlando For $4.1M

6177 Lake Ellenor Drive, Orlando, Florida 32809, United States

$4,100,000

$106/SF

Building Size

38,356 SF

Asset Type

Office

Closing

Feb 24, 2022

AI

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.

Players

David Siegel

Westgate Resorts Ltd

Seller

$23.3M

vol

4 deals

Seller

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93