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Investcorp Acquires Industrial Property In Orlando For $29.75M

Property Image
SOLD
$29,750,000
Dennis Mitchell
Cody Brais
+ 1

Florida

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Industrial171,765 SF
Sold 06/07/2023
the dealplayerscompscontact
Property Image
SOLD

Investcorp Acquires Industrial Property In Orlando For $29.75M

2162 Ray Goodgame Pkwy in Clermont, FL 34711

See Similar Deals
Industrial171,765 SF
Sold 06/07/2023
Dennis Mitchell
Cody Brais
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$173
Total Square Footage:171,765 SF
Transaction Type:Sale

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

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

Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER

Cody Brais
JLL
37 deals$1.7B volume
BROKER

Dennis Mitchell
JLL
19 deals$1.2B volume
BROKER

Taylor Osborne
JLL
16 deals$609.1M volume
BROKER

Investcorp
BUYER


Details

SOLD
IMAGE: Dennis Mitchell, Luis Castillo, Cody Brais & Taylor Osborne DATE: 06/07/2023 ADDRESS: 2162, 2170 & 2250 Ray Goodgame Pkwy MARKET: Orlando ASSET TYPE: Industrial BUYER: Investcorp SELLER: High Street Logistics Properties BROKERS: Cody Brais (@Cody_Brais), Luis Castillo, Dennis Mitchell & Taylor Osborne - JLL SALE PRICE: $29,750,000 SF: 171,765 ~ PPSF: $173

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

$1,586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$105,695.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$141,030.18
Annual Debt Service$1,692,362.13