Square Mile Capital Management LLC Secures $106M Loan For Industrial Properties In Lakeland & Plant City With Brokers Ed Coco & Matthew Casey - JLL
8565 FL-33 Lakeland, FL 33809, USA
$106,000,000
$70/SF
Building Size
1,505,000 SF
Asset Type
Industrial
Closing
Aug 1, 2022
AI
An industrial property located at 8565 State Road 33 and 12727 Henderson Way in the market of Lakeland and Plant City has been involved in a recent transaction. The property has a total square footage of 1,505,000 and is owned by Square Mile Capital Management LLC, represented by Eric Cohen. The transaction was facilitated by Ed Coco and Matthew Casey from JLL. The loan amount for the deal amounted to $106,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $106,000,000
- Address: 8565 State Road 33 & 12727 Henderson Way
- Market: Lakeland & Plant City
- Square Footage: 1,505,000
This transaction involved the landlord, Square Mile Capital Management LLC, as well as their representative, Eric Cohen. The deal was facilitated by brokers Ed Coco and Matthew Casey from JLL. It showcases the significant investment made in the industrial property market in the Lakeland and Plant City area.
Players
Lakeland 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93