Basis Industrial Acquires Industrial Property In Orlando For $24M
SOLD
$24,000,000
Florida
See Similar DealsIndustrial182,028 SF
Sold 09/30/2022
SOLD
Basis Industrial Acquires Industrial Property In Orlando For $24M
1255 Belle Avenue, Winter Springs, Florida 32708, United States
See Similar DealsIndustrial182,028 SF
Sold 09/30/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$131
Total Square Footage:182,028 SF
Transaction Type:Sale
The industrial property located at 1255 Belle Ave in Orlando, FL has been sold for a total of $24,000,000. The property spans across 182,028 square feet, resulting in a price per square foot of $131. The transaction was completed on September 30, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Market: Orlando, FL
- Buyer: Basis Industrial - Daniel Weinstein & Anthony Scavo
- Seller: AnnMarie C Baxley
- Brokers: Marc Palladino - MAP Realty & Saxon Evans - Citrus Capital
- Square Footage: 182,028
- Price Per Square Foot: $131
The purchasing entity, Basis Industrial represented by Daniel Weinstein and Anthony Scavo, acquired the property from AnnMarie C Baxley. The sale was facilitated by brokers Marc Palladino from MAP Realty and Saxon Evans from Citrus Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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