Len O'Donnell Of Affinius Capital Secures $73.7 Million Loan For Industrial Development In Deltona
2501 North Normandy Boulevard
$73,700,000
$74/SF
Building Size
984,960 SF
Asset Type
Industrial
Closing
Jul 23, 2026
AI
The property asset involved in this transaction is a 984,960-square-foot industrial facility located at 2501 North Normandy Boulevard, Deltona, FL, situated on 19 acres. The financing for this property amounts to $73.7 million, tied to a three-year bridge loan utilized for refinancing previous construction financing. The property is fully leased to Amazon as part of the I-4 Logistics Park industrial development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $73,700,000
- Address: 2501 North Normandy Boulevard
- Market: Deltona, FL
- Asset Size: 984,960 SF
- Acres: 19
- Lender: First National Bank of Omaha
- Landlord: Len O'Donnell - Affinius Capital
- Loan Type: Bridge
- Loan Terms: three-year
In this transaction, Len O'Donnell represents Affinius Capital as the landlord. The loan will support the initial phase of a larger 1.8 million-square-foot industrial development, directly indicating the strategic importance of this asset within that broader project framework.
Players
Deltona Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93