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Orlando, Florida, United St...

EQT Exeter Acquires Laundry Facilities In Atlanta, Orlando, Haines City & Miami For $61.75M
SOLD

EQT Exeter Acquires Laundry Facilities In Atlanta, Orlando, Haines City & Miami For $61.75M

Orlando, Florida, United States

$61,750,000

Building Size

Asset Type

Closing

Jan 14, 2022

AI

The industrial property located at Laundry Facilities has been sold in a closed transaction. The property is situated in Atlanta, Orlando, Haines City, and Miami markets. The transaction involved the sale of the property by the seller, Crown Linen, to the buyer, EQT Exeter, represented by Edward (Ward) Fitzgerald. The sale price for the property was $61,750,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $61,750,000
  • Buyer: EQT Exeter - Edward (Ward) Fitzgerald
  • Seller: Crown Linen

EQT Exeter, represented by Edward (Ward) Fitzgerald, has acquired the industrial property at Laundry Facilities. The transaction involved the purchase of the property from Crown Linen for a sale price of $61,750,000. The transaction marks a significant investment in the industrial real estate market.

Players

Jeavanna Lanza

Broker

$64.5M

vol

3 deals

Broker
Ward Fitzgerald

Ward Fitzgerald

EQT Exeter

Buyer

$728.9M

vol

13 deals

Buyer

Orlando CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93