Updated Oct 29, 2024
Richland Capital Holdings Acquires Industrial Property On Parkline Boulevard In Orlando For $43M
8500 Parkline Blvd, Orlando, Fl 32809, Usa
$43,000,000
$13/SF
Building Size
3,193,860 SF
Asset Type
Industrial
Closing
Sep 22, 2020
About this deal
AI
The industrial property located at 8500 Parkline Boulevard in Orlando has been sold for a price of $43,000,000. The property spans a total area of 319,386 square feet, resulting in a price per square foot of $135.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Square Footage: 319,386
The seller of the property is TA Realty, while the buyer was represented by Richland Capital Holdings. On behalf of the seller, Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zachary Eicholtz, and Ryan Jenkins from Cushman & Wakefield facilitated the transaction.
Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93