Updated Jan 22, 2025
Collektion Capital Acquires Industrial Property From Schoolfield Properties In Kissimmee For $7M
1501 Damon Ave
$7,000,000
$140/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Jan 17, 2025
About this deal
AI
The property asset involved in the transaction is located at 1501 Damon Avenue in Kissimmee. This industrial asset comprises 50,000 square feet and was sold for $7,000,000, resulting in a price per square foot of $140.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 1501 Damon Avenue
- Market: Kissimmee
- Square Footage: 50,000
- Price per Square Foot: $140
- Buyer: Collektion Capital
- Seller: Schoolfield Properties
- Brokers: Adam Steinlauf & Michael Lewin - Katalyst Real Estate & Development
Key individuals in this transaction include the buyer Collektion Capital and seller Schoolfield Properties. The brokers representing the transaction are Adam Steinlauf and Michael Lewin from Katalyst Real Estate & Development.
Players
Kissimmee 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93