Updated Oct 28, 2024
Ultimate Realty Acquires Industrial Property In Orlando For $7.6M
1216 Amelia Street
$7,600,000
$133/SF
Building Size
57,000 SF
Asset Type
Industrial
Closing
Jul 28, 2022
About this deal
AI
An industrial property located at 1216 W. Amelia St. & 514 Hames St. in Orlando, FL has been sold for $7,600,000. The property spans across 57,000 square feet, resulting in a price per square foot of $133. The transaction took place on July 28, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Address: 1216 W. Amelia St. & 514 Hames St., Orlando, FL
- Market: Orlando, FL
- Buyer: Ultimate Realty - Mark Sabbagh & Michael Sabbagh
- Seller: Cosmetic Promotions
- Brokers: David Murphy & Monica Wonus - CBRE
- Square Footage: 57,000
- Price Per Square Foot: $133
The buyer, Ultimate Realty represented by Mark Sabbagh and Michael Sabbagh, acquired the property from Cosmetic Promotions. The deal was facilitated by brokers David Murphy and Monica Wonus from CBRE.
On the Map
$7,600,000
$133/SF
Industrial
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Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93