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2100 Old Hickory Tree Road

Ultimate Realty Acquires Six Building Industrial Park In Saint Cloud From Roger Walters For $6M
SOLDIndustrial

Ultimate Realty Acquires Six Building Industrial Park In Saint Cloud From Roger Walters For $6M

2100 Old Hickory Tree Road

$6,000,000

$104/SF

Building Size

57,600 SF

Asset Type

Industrial

Closing

Oct 18, 2024

AI

The asset involved in this transaction is a Six Building Industrial Park located at 2100 Old Hickory Tree Road, Saint Cloud. The sale price was $6,000,000, and the property encompasses a total of 57,600 square feet, which translates to a price per square foot of $104.

Summary of transaction details:

  • Property Type: Six Building Industrial Park
  • Transaction Amount: $6,000,000
  • Address: 2100 Old Hickory Tree Road
  • Market: Saint Cloud
  • Square Footage: 57,600
  • Price Per Square Foot: $104
  • Seller: Roger Walters
  • Buyer: Ultimate Realty
  • Buyer's Representatives: Mark Sabbagh & Michael Sabbagh

Key individuals involved in the transaction include Roger Walters as the seller, and Ultimate Realty represented by Mark Sabbagh and Michael Sabbagh as the buyers. Notably, the transaction occurred on October 18, 2024, and involved key figures such as Nick Ledvora and Nick Hanson in the process.

Players

Nick Ledvora

LH Capital Partners

Broker

$127M

vol

11 deals

Broker

Saint Cloud 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93