Updated Mar 11, 2025
Fortress Investment Group Acquires Kissimmee Industrial Property For $13.8M
2050 Ave A Kissimmee, Fl 34758, Usa
$13,800,000
$113/SF
Building Size
121,488 SF
Asset Type
Industrial
Closing
Jul 24, 2023
About this deal
AI
A 24.3-acre industrial property located at 2050 Avenue A in Kissimmee has been sold for $13.8 million. The property includes a 121,488-square-foot building and was acquired by Fortress Investment Group, whose representative in the transaction is Peter L. Briger, Jr. The seller of the property is Nursery Supplies Inc.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,800,000
- Address: 2050 Avenue A
- Market: Kissimmee
- Acres: 24.3
Fortress Investment Group, the parent company of Brightline intercity train, acquired the Kissimmee property from Nursery Supplies Inc., following a significant fire incident. Prior to this acquisition, the property had been sold by Lincolnshire Management Inc. to Mill Point Capital.
On the Map
$13,800,000
$113/SF
Industrial
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93