Updated Oct 25, 2024
Steven McCraney Secures $45.1M Construction Loan For Orlando Industrial Property
1290 Ocoee Apopka Road
$45,100,000
$92/SF
Building Size
485,813 SF
Asset Type
Industrial
Closing
Dec 21, 2022
About this deal
AI
1290 Ocoee Apopka Road, a 485,813 square foot industrial property in Orlando, recently underwent a significant transaction. Steven McCraney, the landlord, was involved in the deal, along with brokers Melissa Rose, Michael DiCosimo, and Mateo Bolivar from JLL. The transaction involved a construction loan amounting to $45,100,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,100,000
- Address: 1290 Ocoee Apopka Road
- Market: Orlando
- Landlord: Steven McCraney
- Brokers: Melissa Rose, Michael DiCosimo & Mateo Bolivar - JLL
This transaction involved the financing of the property through a construction loan. The loan amount will be used to support the development or improvement of the industrial asset at 1290 Ocoee Apopka Road in Orlando.
On the Map
$45,100,000
$92/SF
Industrial
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Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93