Updated Oct 29, 2024
Cabot Properties Acquires 51-Acre Industrial Property In Apopka For $40M
2508 Peterson Rd, Apopka, FL 32703, USA
$40,000,000
$142/SF
Building Size
280,437 SF
Asset Type
Industrial
Closing
Apr 25, 2023
About this deal
AI
A 51-acre industrial property located at 2508 Peterson Rd in Apopka has been sold in a transaction valued at $40,000,000. The property, comprising of 280,437 square feet, was acquired by Cabot Properties. The sale price translates to approximately $143 per square foot.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $40,000,000
- Address: 2508 Peterson Rd
- Market: Apopka
- Size: 51 acres
Serving as the seller of the property was Summit Real Estate Group, represented by Max Holter and Matt Lederman. On the buyer's side, Cabot Properties was assisted by Luis Castillo of JLL as their broker.
On the Map
$40,000,000
$142/SF
Industrial
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Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93