LBA Logistics Acquires Sand Lake Commerce Center In Orlando For $26.4M
7705 Winegard Rd, Orlando, FL, 32824
$26,400,000
$114/SF
Building Size
230,117 SF
Asset Type
Commercial
Closing
Jun 17, 2020
AI
The Sand Lake Commerce Center, a two-building Class A commercial property located at 7705 Winegard Rd, Orlando, FL, 32824, was sold for $26,400,000.00. Spanning across 230,117 square feet, this industrial asset is situated near Orlando International Airport in the Orlando market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $26,400,000.00
- Seller's Representative: Zach Eichholtz (Cushman & Wakefield)
- Buyer: LBA Logistics
LBA Logistics, the buyer of the Sand Lake Commerce Center, is an Irvine, Calif.-based industrial real estate investment and management firm. The property was acquired from the owner and developer, McDonald Development Co.
Players
Orlando Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93