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

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SOLD
$6,000,000

Florida

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Industrial57,600 SF
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Ultimate Realty Acquires Six Building Industrial Park In Saint Cloud From Roger Walters For $6M

2100 Old Hickory Tree Road

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Industrial57,600 SF
Sold
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:57,600 SF
Transaction Type:Sale

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
11 deals$127M volume
BROKER

Nick Hanson
LH Capital Partners
6 deals$85.4M volume
BROKER

Details

SOLD
IMAGE: Nick Ledvora, Nick Hanson, Mark Sabbagh & Michael Sabbagh DATE: 10/18/2024 ADDRESS: 2100 Old Hickory Tree Road MARKET: Saint Cloud ASSET TYPE: Six Building Industrial Park SELLER: Roger Walters BUYER: Ultimate Realty - Mark Sabbagh & Michael Sabbagh SALE PRICE: $6,000,000 SF: 57,600 ~ PPSF: $104

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
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