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Cabot Properties Acquires 51-Acre Industrial Property In Apopka For $40M

Property Image
SOLD
$40,000,000

Florida

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Industrial280,437 SF
Sold 04/25/2023
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Property Image
SOLD

Cabot Properties Acquires 51-Acre Industrial Property In Apopka For $40M

2508 Peterson Rd, Apopka, FL 32703, USA

See Similar Deals
Industrial280,437 SF
Sold 04/25/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$142
Total Square Footage:280,437 SF
Transaction Type:Sale

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.

Players

Luis Castillo
JLL
Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER
Cabot Properties
Cabot Properties
BUYER
SG
Summit Real Estate Group
SELLER
SG
Summit Real Estate Group
SELLER

Details

SOLD
IMAGE: Matt Lederman & Max Holter DATE: 04/25/2023 ADDRESS: 2508 Peterson Rd MARKET: Apopka ASSET TYPE: Industrial ~ ACRES: 51 BUYER: Cabot Properties SELLER: Summit Real Estate Group (@SummitRealEstateGroup) - Max Holter & Matt Lederman BROKER: Luis Castillo - JLL (@JLL) SALE PRICE: $40,000,000 SF: 280,437 ~ PPSF: $143

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

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88