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1715 Tiffany Drive East, Ma...

RL Capital LLC Acquires Industrial Property In Mangonia Park For $5.72M
SOLDIndustrial

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

Jeffrey Kelly

CBRE

Broker

$78.1M

vol

9 deals

Broker

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