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1335 Bennett Drive, Longwoo...

Infinity Properties Acquires Industrial Properties In Longwood And Sanford For $10M
SOLDIndustrial

Infinity Properties Acquires Industrial Properties In Longwood And Sanford For $10M

1335 Bennett Drive, Longwood, FL, USA

$10,000,000

$78/SF

Building Size

128,000 SF

Asset Type

Industrial

Closing

Jun 16, 2020

AI

The industrial property located at 1335 Bennett Drive, 5401 S Bryant Ave, and 2290 N Ronald Regan Blvd in Longwood and Sanford has been sold for a total price of $10,000,000. This property spans across 128,000 square feet, resulting in a price per square foot of $78.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $10,000,000
  • Address: 1335 Bennett Drive, 5401 S Bryant Ave, and 2290 N Ronald Regan Blvd
  • Market: Longwood and Sanford

The buyer of the property is Infinity Properties, represented by Shane Decker and Brett Schlacter. The lender involved in this transaction is Brian Barroso, who serves as the Senior Vice President of Banesco USA. It is worth noting that Shane Decker and Brett Schlacter have successfully closed and acquired over 250,000 square feet of light industrial property across Florida in the past 7 months. This particular transaction was funded by Banesco USA, with Brian Barroso playing a pivotal role in the deal. Infinity Properties, led by Shane and Brett, is actively seeking large-scale small-bay opportunities in the Southeastern United States. For any off-market opportunities, interested parties can contact Shane at 305.988.8333 or Brett at 305.304.7773. In the words of Shane and Brett, "You are meant to do something great with your life, so do it!"

Players

Shane Decker

Infinity Properties

Buyer

$406M

vol

22 deals

Buyer

Longwood 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93