facebook
Traded Co logo
Submit

Banner Property Group Acquires 8.9 Acres Industrial Property In Orlando For $26.1M

Property Image
SOLD
$26,100,000
Taylor Osborne
Max La Cava
Cody Brais
+ 1

Florida

See Similar Deals
Industrial150,000 SF
Sold 12/20/2022
the dealplayerscompscontact
Property Image
SOLD

Banner Property Group Acquires 8.9 Acres Industrial Property In Orlando For $26.1M

2292 W. Sand Lake Road

See Similar Deals
Industrial150,000 SF
Sold 12/20/2022
Taylor Osborne
Max La Cava
Cody Brais
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:150,000 SF
Transaction Type:Sale

The industrial property located at 2292 W. Sand Lake Road in Orlando has been sold in a recent transaction. The property spans approximately 8.9 acres and is situated in the Orlando market. The sale price for this property was $26,100,000, with a price per square foot of $174. The total square footage of the property is 150,000 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,100,000
  • Address: 2292 W. Sand Lake Road, Orlando
  • Market: Orlando
  • Acres: 8.9
  • Square Footage: 150,000
  • Price per Square Foot: $174

The buyer of the property is Banner Property Group, while the seller is Quirch Foods. The transaction was facilitated by brokers from JLL, namely Luis Castillo, Max La Cava, Cody Brais, and Taylor Osborne. They represented both the buyer and seller in the deal.

As for the financing of the transaction, Synovus Bank served as the lender. The mortgage brokerage services were provided by Melissa Rose, Michael DiCosimo, Christopher Gathman, and Nicole Barba, all from JLL.

Players

Luis Castillo
JLL
Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER
Cody Brais
JLL
Cody Brais
37 deals$1.7B volume
BROKER
Max La Cava
JLL
Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER
Taylor Osborne
JLL
Taylor Osborne
16 deals$609.1M volume
BROKER
QF
Quirch Foods
SELLER

Details

SOLD
IMAGE: Luis Castillo, Max La Cava, Cody Brais & Taylor Osborne DATE: 12/20/2022 ADDRESS: 2292 W. Sand Lake Road MARKET: Orlando ASSET TYPE: Industrial ~ ACRES: 8.9 BUYER: Banner Property Group SELLER: Quirch Foods (@QuirchFoods) BROKERS: Luis Castillo, Max La Cava, Cody Brais (@Cody_Brais) & Taylor Osborne - JLL (@JLL) LENDER: Synovus Bank MORTGAGE BROKERS: Melissa Rose, Michael DiCosimo, Christopher Gathman & Nicole Barba - JLL SALE PRICE: $26,100,000 SF: 150,000 ~ PPSF: $174

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,392,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,727.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,727.32
Annual Debt Service$1,484,727.79