Updated Oct 25, 2024
Whalley Capital Group & Drake Street Partners Sell Industrial Property In Apopka, FL For $40M
2521 Peterson Rd, Apopka, FL 32703, USA
$40,000,000
$133/SF
Building Size
300,000 SF
Asset Type
Industrial
Closing
Apr 24, 2023
About this deal
AI
The industrial property located at 2521 Peterson Road in Apopka, FL has been sold for a price of $40,000,000. Spanning across a total area of 300,000 square feet, the property was sold at an average price of $133 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $40,000,000
- Address: 2521 Peterson Road, Apopka, FL
- Market: Apopka, FL
- Seller: Stephen Gorodetsky - Whalley Capital Group & Stuart Milstein – Drake Street Partners
The sale of the property was handled by Stephen Gorodetsky from Whalley Capital Group and Stuart Milstein from Drake Street Partners. They represented the sellers in the transaction.
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