160 N Westmonte Dr Altamonte Springs, FL 32714
Professional Office Building with Fortune 1000 Tenant
Overview
Building Size: 14,660 Sq. Ft.
Lot Size: 1.10 Acres
Year Built: 2000 (Renovated 2024)
Zoning: GO (General Office)
Tenant Profile: Fully occupied by Parsons Corporation (Fortune 1000 guarantee for Years 1–3).
Acquisition & Capital Stack
Purchase Price: $2,850,000
Down Payment (30%): $855,000
Loan Amount (70%): $1,995,000
Loan Terms: 6.4% Interest, 25-Year Amortization
Financial Performance
Initial Cash-on-Cash: 10.35% per annum
Targeted ROE over the next 5 years: 21.2% per annum