The Phoenix Property Group LLC Acquires Office Building In Orlando For $1.11M
7335 Lake Ellenor Drive
$1,110,000
$144/SF
Building Size
7,700 SF
Asset Type
Office
Closing
Jul 26, 2024
AI
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.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93