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
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