Innovation Montessori Inc. Acquires School In Ocoee For $13.9M
SOLD
$13,880,000
Florida
See Similar DealsOther51,256 SF
Sold 06/07/2022
SOLD
Innovation Montessori Inc. Acquires School In Ocoee For $13.9M
1610 North Lakewood Avenue, Ocoee, Florida 34761, United States
See Similar DealsOther51,256 SF
Sold 06/07/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$270
Total Square Footage:51,256 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$740,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,312.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,798.28
Annual Debt Service$789,579.37
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