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1801 Cypress Lake Drive

Steven E. McCraney Of McCraney Property Company Acquires Industrial Asset In Orlando For $23M
SOLDIndustrial

Steven E. McCraney Of McCraney Property Company Acquires Industrial Asset In Orlando For $23M

1801 Cypress Lake Drive

$23,000,000

$136/SF

Building Size

168,515 SF

Asset Type

Industrial

Closing

Oct 2, 2025

AI

The property asset involved in the transaction is a distribution facility located at 1801 Cypress Lake Drive in Orlando. It spans 168,515 square feet and sits on 10.6 acres of land. The sale price for the asset was $23,000,000, equating to a price per square foot of $136.

Summary of transaction details:

In this transaction, JLL played a key role by arranging the sale and facilitating a three-year floating-rate loan through Truist Bank. They will also handle leasing for the property. McCraney Property Company is planning capital upgrades such as roof replacement, truck court repairs, and office modernization.

Players

Luis Castillo

JLL

Broker

$2.1B

vol

55 deals

Broker
Steven E. McCraney

Steven E. McCraney

McCraney Property Company

Buyer

$319.1M

vol

8 deals

Buyer

Orlando 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93