RL Capital LLC Acquires Industrial Property In Mangonia Park For $5.72M
1715 Tiffany Drive East, Mangonia Park, FL, USA
$5,720,000
$131/SF
Building Size
43,674 SF
Asset Type
Industrial
Closing
Jun 17, 2020
AI
A industrial property located at 1715 E Tiffany Drive in Mangonia Park was recently sold for $5,720,000. The property spans 43,674 square feet, resulting in a price per square foot of $130. The transaction took place on June 18, 2020. The buyer of the property was RL Capital LLC, while the seller was Gulfstream Goodwill.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,720,000
- Address: 1715 E Tiffany Drive
- Market: Mangonia Park
- Square Footage: 43,674
- Price per Square Foot: $130
The deal was facilitated by CBRE, with Robert Smith, Kirk Nelson, and Jeffrey Kelly acting as the brokers representing both the buyer (RL Capital LLC) and the seller (Gulfstream Goodwill).
Players
Mangonia Park 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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93