Investcorp Acquires Industrial Property In Orlando For $29.75M
2162 Ray Goodgame Pkwy in Clermont, FL 34711
$29,750,000
$173/SF
Building Size
171,765 SF
Asset Type
Industrial
Closing
Jun 7, 2023
AI
The industrial property located at 2162, 2170, and 2250 Ray Goodgame Pkwy in Orlando has been sold in a recent transaction. The property, totaling 171,765 square feet, was sold for a price of $29,750,000, resulting in a price per square foot of $173. The sale took place between the buyer, Investcorp, and the seller, High Street Logistics Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,750,000
- Square Footage: 171,765
- Price per Square Foot: $173
- Address: 2162, 2170 & 2250 Ray Goodgame Pkwy, Orlando
- Buyer: Investcorp
- Seller: High Street Logistics Properties
- Brokers: Cody Brais, Luis Castillo, Dennis Mitchell & Taylor Osborne - JLL
The deal was facilitated by Cody Brais, Luis Castillo, Dennis Mitchell, and Taylor Osborne from JLL. They represented the respective parties involved in the transaction, assisting in the successful completion of the deal.
Players
Miami 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93