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
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