Updated May 30, 2025
J.R. Rothstein Brokers Industrial Asset At 2550 Connection Point In Oviedo For $10.8M
2550 Connection Pt
$10,800,000
$478/SF
Building Size
22,550 SF
Asset Type
Industrial
Closing
Jan 8, 2023
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 2550 Connection Pt in Oviedo, Florida. This newly constructed, Class A property has a sale price of $10,800,000 and encompasses 22,550 square feet, which results in a price per square foot of $478.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,800,000
- Seller: Tom McNamara
- Broker: J.R. Rothstein - The Redstone Group
- Attorney: Alan Goldman - Alan Goldman Law
J.R. Rothstein, a real estate attorney and licensed broker, represented a New York-based family office in this transaction. He advised them on a 1031 exchange, facilitating the divestiture of legacy holdings in New York and enabling the acquisition of this off-market property in Central Florida's high-growth I-4 corridor.
On the Map
$10,800,000
$478/SF
Industrial
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Players
Oviedo 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93