Dalfen Industrial Acquires Industrial Property In Sanford For $14.1M
2152 Martin Luther King Jr Blvd, Sanford, FL, USA
$14,100,000
$124/SF
Building Size
113,149 SF
Asset Type
Industrial
Closing
Jan 7, 2021
AI
Dalfen Industrial has acquired an industrial property located at 2152 Martin Luther King Jr. Boulevard in Sanford. The property, measuring 113,149 square feet, was sold by BlueScope Properties. The transaction took place on January 8, 2021, for a total price of $14,100,000, resulting in a price per square foot of $125. The property is situated in the Sanford market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,100,000
- Address: 2152 Martin Luther King Jr. Boulevard
- Market: Sanford
The deal was facilitated by several brokers from Cushman & Wakefield, namely Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Zachary Eicholtz, and Ryan Jenkins. These individuals represented both the buyer, Dalfen Industrial, and the seller, BlueScope Properties, in the transaction.
Players
Sanford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93