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
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