Longpoint Acquires Industrial Property On Satellite Boulevard In Orlando For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsIndustrial37,070 SF
Sold
SOLD
Longpoint Acquires Industrial Property On Satellite Boulevard In Orlando For $4.9M
10779 Satellite Boulevard
See Similar DealsIndustrial37,070 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$132
Total Square Footage:37,070 SF
Transaction Type:Sale
The industrial property located at 10779 Satellite Boulevard in Orlando was sold in a transaction involving Longpoint as the buyer and Larry Chen as the seller. The deal was facilitated by brokers Nick Hanson & Nick Ledvora from LH Capital Partners. The sale price for the property was $4,900,000, with a total square footage of 37,070 and a price per square foot of $132.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,900,000
- Address: 10779 Satellite Boulevard
- Market: Orlando
- Buyer: Longpoint
- Seller: Larry Chen
- Brokers: Nick Hanson & Nick Ledvora - LH Capital Partners
- Square Footage: 37,070
- Price Per Square Foot: $132
Nick Hanson and Nick Ledvora from LH Capital Partners played crucial roles as the brokers representing the respective parties in the transaction, ensuring a successful sale of the industrial property in Orlando.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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