Basis Industrial Acquires Industrial Property In Orlando For $24M
1255 Belle Avenue, Winter Springs, Florida 32708, United States
$24,000,000
$131/SF
Building Size
182,028 SF
Asset Type
Industrial
Closing
Sep 29, 2022
AI
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.
Players
Winter Springs Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93