EQT Exeter Acquires Laundry Facilities In Atlanta, Orlando, Haines City & Miami For $61.75M
SOLD
$61,750,000
Florida
See Similar DealsSold 01/14/2022
SOLD
EQT Exeter Acquires Laundry Facilities In Atlanta, Orlando, Haines City & Miami For $61.75M
Orlando, Florida, United States
See Similar DealsSold 01/14/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$219,384.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$292,726.50
Annual Debt Service$3,512,718.04
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