Innovation Montessori Inc. Acquires School In Ocoee For $13.9M
1610 North Lakewood Avenue, Ocoee, Florida 34761, United States
$13,880,000
$270/SF
Building Size
51,256 SF
Asset Type
Other
Closing
Jun 6, 2022
AI
The property involved in this closed transaction is a school located at 1610 N Lakewood Ave in Ocoee. The property spans 20.16 acres and was sold for a total price of $13,880,000. The school has a total square footage of 51,256, resulting in a price per square foot of $271.
Summary of transaction details
- Property Type: School
- Transaction Amount: $13,880,000
- Address: 1610 N Lakewood Ave, Ocoee
- Market: Ocoee
- Acres: 20.16
The buyer in this transaction was Innovation Montessori Inc., while the seller was Building Hope. The brokers involved in the deal were Todd Noel & Mindy Korth from Colliers.
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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93