Continental Property Sells Industrial Property On Space Blvd In Orlando For $11M
SOLD
Florida
See Similar DealsIndustrial90,000 SF
Sold 01/19/2022
SOLD
Continental Property Sells Industrial Property On Space Blvd In Orlando For $11M
11300 Space Boulevard, Orlando, Florida 32837, United States
See Similar DealsIndustrial90,000 SF
Sold 01/19/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:90,000 SF
Transaction Type:Sale
The industrial property located at 11300-11350 Space Blvd in Orlando, FL has been sold. The property, with a total area of 90,000 square feet, was sold by Continental Property for a price of $11,000,000, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 11300-11350 Space Blvd, Orlando, FL
- Market: Orlando, FL
- Seller: Continental Property
- Brokers: Dan Shapiro, Shaya Nisnevitz, Bunny Escava - KSR
Dan Shapiro, Shaya Nisnevitz, and Bunny Escava from KSR represented the seller, Continental Property, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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