facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

2152 Martin Luther King Jr ...

Dalfen Industrial Acquires Industrial Property In Sanford For $14.1M
SOLDIndustrial

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
Dalfen Industrial
Dalfen IndustrialBuyer

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