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217-311 Altamonte Commerce ...

Longpoint Realty Partners Acquires Altamonte Springs Industrial Property For $20.3M
SOLDIndustrial

Longpoint Realty Partners Acquires Altamonte Springs Industrial Property For $20.3M

217-311 Altamonte Commerce Boulevard, Altamonte Springs, FL, USA

$20,300,000

$109/SF

Building Size

185,600 SF

Asset Type

Industrial

Closing

Jan 18, 2021

AI

A 185,600 square foot industrial property in Altamonte Springs has been sold for $20.3 million. The property, located at 217-311 Altamonte Commerce Boulevard & 620-658 Douglas Avenue, spans 13 acres. The sale price per square foot was calculated to be $109, while the price per acre was $1,561,538.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,300,000
  • Address: 217-311 Altamonte Commerce Boulevard & 620-658 Douglas Avenue
  • Market: Altamonte Springs

Longpoint Realty Partners acquired the property from SunCap Opportunity Fund LLC. The deal was facilitated by a team of brokers from Cushman & Wakefield, including Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Jared Bonshire, David Perez, Zachary Eicholtz, Ryan Jenkins, and Jordan Stenholm.

Players

David Perez

Cushman & Wakefield

Broker

$169.2M

vol

8 deals

Broker
Longpoint Realty Partners
Longpoint Realty PartnersBuyer

Altamonte Springs 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

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93