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
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.
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