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2508 Peterson Rd, Apopka, F...

SOLDIndustrial

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

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.

Players

Luis Castillo

JLL

Broker

$2.3B

vol

59 deals

Broker
Cabot Properties
Cabot PropertiesBuyer

Miami 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93