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2001 West Oak Ridge Road, O...

KKR & Co. Inc. Acquires Industrial Property In Orlando For $51.6M
SOLDIndustrial

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
KKR
KKRBuyer

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