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2796 Northwest 35th Street

BroadRange Logistics Leases 350,899 SF Industrial Space At Ocala Logistics Center In Florida
LEASEDIndustrial

BroadRange Logistics Leases 350,899 SF Industrial Space At Ocala Logistics Center In Florida

2796 Northwest 35th Street

Building Size

350,899 SF

Asset Type

Industrial

Closing

Dec 20, 2023

AI

BroadRange Logistics has leased the entire 350,899-square-foot Ocala Logistics Center in Florida. The property, located at 2796 Northwest 35th Street, is an industrial asset in the Ocala market. This strategic location offers proximity to major transportation hubs, making it an ideal choice for BroadRange Logistics' need for 3PL warehouse facilities. The lease agreement was signed on December 20, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 2796 Northwest 35th Street
  • Market: Ocala
  • Size: 350,899 square feet

The landlord for the property is MDH Partners, represented by Kate Kilgore. The tenant, BroadRange Logistics, was represented by Ari Milstein. Clay Witherspoon from Avison Young acted as the landlord's representative in the deal, while John Gosnell from Strategic Real Estate Partners represented BroadRange Logistics. This lease agreement fulfills MDH Partners' goal of full occupancy for the Ocala Logistics Center.

Players

Clay Witherspoon

Avison Young

Broker

1 deal

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersLandlord

Ocala Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93