KKR & Co. Inc. Acquires Industrial Property In Orlando For $51.6M
2001 West Oak Ridge Road, Orlando, FL 32809
$51,600,000
$127/SF
Building Size
403,704 SF
Asset Type
Industrial
Closing
Aug 25, 2021
AI
An industrial property located at 2001 West Oak Ridge Road in Orlando has been sold for a total price of $51,600,000. The property spans a total of 403,704 square feet, resulting in a price per square foot of $128. The transaction took place on August 25, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $51,600,000
The buyer of the property is KKR & Co. Inc., while the seller is Lincoln Property Co., represented by Scott Stahley. The buyer was represented by Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zach Eicholtz, and Brooke Tulley from Cushman & Wakefield. On the other hand, the seller was represented by Matt Sullivan and Mike Borling from JLL.
Players
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93