Innovation Montessori Inc. Acquires School In Ocoee For $5M With Colliers As Brokers
1475 Silver Star Road, Ocoee, Florida 34761, United States
$5,000,000
$158/SF
Building Size
31,590 SF
Asset Type
Other
Closing
Jun 6, 2022
About this deal
AI
Located at 1475 E Silver Star Road in Ocoee, this 4.32-acre school property has been sold in a recent transaction. The property, which spans 31,590 square feet, was acquired by Innovation Montessori Inc. from GreenAccess LLC for a sale price of $5,000,000. With a price per square foot of $158, this transaction represents a significant investment in the Ocoee market.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $5,000,000
- Square Footage: 31,590
- Address: 1475 E Silver Star Road
- Market: Ocoee
The deal was facilitated by Todd Noel and Mindy Korth from Colliers. As the representatives of the buyer and the seller respectively, they played key roles in bringing this transaction to fruition. Their expertise and negotiation skills ensured a successful outcome for all parties involved.
On the Map
$5,000,000
$158/SF
Other
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Players
Ocoee Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93