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

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SOLD
$10,000,000

Florida

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Industrial128,000 SF
Sold 06/16/2020
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SOLD

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

1335 Bennett Drive, Longwood, FL, USA

See Similar Deals
Industrial128,000 SF
Sold 06/16/2020
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$78
Total Square Footage:128,000 SF
Transaction Type:Sale

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

22 deals$406M volume
BUYER

Brett Schlacter
7 deals$134.6M volume
BUYER

Details

SOLD
IMAGE: Brett Schlacter, Shane Decker & Brian Barroso DATE: 06/16/2021 ADDRESS: 1335 Bennett Drive, 5401 S Bryant Ave & 2290 N Ronald Regan Blvd MARKET: Longwood & Sanford ASSET TYPE: Industrial BUYER: Infinity Properties; Shane Decker @ShaneDecks & Brett Schlacter @Brett.Schlacter LENDER: Brian Barroso, SVP - @BanescoUSA SALE PRICE: $10,000,000 SF: 128,000 ~ PPSF: $78 NOTE: Shane Decker & Brett Schlacter have successfully closed and acquired over 250,000 SF of light industrial property across FL in the past 7 months.This particular transaction was funded by Banesco USA (SVP, Brian Barroso). The team at Infinity Properties is aggressively looking for large scale small-bay opportunities in the Southeast US. Please contact Shane or Brett for any off-market opportunities. Remember.. "You are meant to do something great with your life, so do it!" Shane - tel:305.988.8333 Brett - tel:305.304.7773

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22