Updated Dec 4, 2024
Cabinets Wholesale Of Orlando Inc. Acquires Largo Warehouse And Showroom For $3.7M
13553 66th Street North
$3,700,000
$109/SF
Building Size
33,956 SF
Asset Type
Industrial
Closing
Sep 22, 2023
About this deal
AI
A warehouse and showroom located at 13553 66th Street North in Largo has been sold to Cabinets Wholesale of Orlando Inc. for $3.7 million. The property spans approximately 33,956 square feet and features an 18-foot ceiling height. Situated near both St. Pete-Clearwater International Airport and Tampa International Airport, this strategic location offers convenience for transportation.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,700,000
- Square Footage: 33,956
- Price per Square Foot: $109
- Address: 13553 66th Street North, Largo
- Market: Largo
- Buyer: Cabinets Wholesale of Orlando Inc. - Daniel Langsten
Cabinets Wholesale of Orlando Inc. - represented by Daniel Langsten - successfully acquired the warehouse and showroom in Largo. This transaction highlights Cabinets Wholesale of Orlando Inc.'s expansion plans and the confidence in the potential of the property's location for their business growth.
Players
Largo 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93