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88 West Taft Vineland Road ...

Brookfield Properties' McCoy Field Logistics Center Fully Leased To NEFCO And Evolution Electric Vehicles In Orlando
LEASEDIndustrial

Brookfield Properties' McCoy Field Logistics Center Fully Leased To NEFCO And Evolution Electric Vehicles In Orlando

88 West Taft Vineland Road Orlando, Florida 32824, USA

Building Size

154,292 SF

Asset Type

Industrial

Closing

Aug 4, 2023

AI

Brookfield Properties' McCoy Field Logistics Center in Orlando, located at 88 West Taft Vineland Road, has successfully reached full occupancy. The industrial property, spanning 154,292 square feet, is situated in Central Florida's Distribution Hub, a prime location for industrial development in the region.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 88 West Taft Vineland Road, Orlando
  • Tenants: NEFCO; Evolution Electric Vehicles
  • Landlord: Brookfield Properties
  • Landlord's Representative: Joe Hills & Josh Lipoff - JLL
  • Tenant's Representatives: Monica Wonus - CBRE; Lee Morris - Colliers

The McCoy Field Logistics Center is now fully leased by NEFCO and Evolution Electric Vehicles. This lease agreement highlights the demand for industrial spaces in Central Florida's thriving Distribution Hub. The successful occupancy of Brookfield Properties' logistics center further solidifies its position as a prominent player in the region's industrial real estate market.

Players

Monica Wonus

CBRE

Broker

$22.6M

vol

5 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Orlando 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