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Dalfen Industrial Acquires Industrial Property In Sanford For $14.1M

Property Image
SOLD
$14,100,000
Ryan Jenkins
Zachary Eicholtz
Rick Brugge
+ 3

Florida

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Industrial113,149 SF
Sold 01/08/2021
the dealplayerscompscontact
Property Image
SOLD

Dalfen Industrial Acquires Industrial Property In Sanford For $14.1M

2152 Martin Luther King Jr Blvd, Sanford, FL, USA

See Similar Deals
Industrial113,149 SF
Sold 01/08/2021
Ryan Jenkins
Zachary Eicholtz
Rick Brugge
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:113,149 SF
Transaction Type:Sale

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

Dominic Montazemi
Cushman & Wakefield
Dominic Montazemi
90 deals$4.2B volume
BROKER
Mike Davis
Cushman & Wakefield
Mike Davis
65 deals$3.6B volume
BROKER
Rick Brugge
Cushman & Wakefield
Rick Brugge
65 deals$2.8B volume
BROKER
Rick Colon
Cushman & Wakefield
Rick Colon
55 deals$2.7B volume
BROKER
Zachary Eicholtz
Cushman & Wakefield
Zachary Eicholtz
17 deals$1.1B volume
BROKER
Ryan Jenkins
Cushman & Wakefield
Ryan Jenkins
10 deals$652.5M volume
BROKER
Dalfen Industrial
Dalfen Industrial
BUYER

Details

SOLD
IMAGE: Ryan Jenkins, Mike Davis, Dominic Montazemi, & Rick Colon DATE: 01/08/2021 ADDRESS: 2152 Martin Luther King Jr. Boulevard MARKET: Sanford ASSET TYPE: Industrial BUYER: Dalfen Industrial SELLER: BlueScope Properties BROKERS: Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Zachary Eicholtz & Ryan Jenkins - Cushman & Wakefield PRICE: $14,100,000 SF: 113,149 ~ PPSF: $125

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$751,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,094.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,841.19
Annual Debt Service$802,094.32