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The Phoenix Property Group LLC Acquires Office Building In Orlando For $1.11M
SOLD
$1,110,000
Florida
See Similar DealsOffice7,700 SF
Sold 07/26/2024
SOLD
The Phoenix Property Group LLC Acquires Office Building In Orlando For $1.11M
7335 Lake Ellenor Drive
See Similar DealsOffice7,700 SF
Sold 07/26/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$144
Total Square Footage:7,700 SF
Transaction Type:Sale
An office building located at 7335 Lake Ellenor Drive in Orlando was sold for $1,110,000. The property spans 7,700 square feet and is situated on a 0.63-acre lot. The sale price per square foot is approximately $144.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,110,000
- Sale Date: 07/26/2024
- Buyer: The Phoenix Property Group, LLC
- Seller: MK Development Group, LLC
- Buyer's Representative: Barbara Correa - US Realty Hub
- Seller's Representative: Brian Watson - CrossMarc Services
CrossMarc Services, LLC facilitated the completion of the transaction, with Brian K. Watson acting as the representative for the seller, MK Development Group, and Barbara L. Correa representing the buyer, Phoenix Property Group, which intends to occupy the office building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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