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2750 Michigan Avenue, Kissi...

Updated Dec 20, 2023

Infinity Properties USA Acquires 86K SF Industrial Property In Kissimmee For $9.1M
SOLDIndustrial

Infinity Properties USA Acquires 86K SF Industrial Property In Kissimmee For $9.1M

2750 Michigan Avenue, Kissimmee, Florida 34744, United States

$9,125,000

$106/SF

Building Size

86,000 SF

Asset Type

Industrial

Closing

Dec 20, 2021

About this deal

AI

An off-market industrial property located at 2750 Michigan Ave in Kissimmee (Orlando MSA) has been sold for $9,125,000. The property consists of six buildings spanning over 86,000 square feet on a 6.5-acre lot. It includes four pristine small-bay buildings and two retail/flex buildings strategically positioned near the Turnpike, providing convenient access to Orlando International Airport and Walt Disney World Resorts. This transaction took place on December 20, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $9,125,000
  • Square Footage: 86,000
  • Address: 2750 Michigan Ave, Kissimmee
  • Market: Kissimmee

The buyer, Infinity Properties USA, led by Shane Decker and Brett Schlacter, specializes in light industrial flex product acquisitions. This is their 8th industrial deal this year, adding to their growing portfolio. The acquisition was made off-market and was sourced in-house by Pamela McCleod, Infinity's Director of Acquisitions. Infinity Properties USA has been active in the Orlando MSA, with plans to acquire another 800,000 square feet of assets in 2022. With this latest purchase, they now manage over 200,000 square feet in the area.

For more information or to inquire about joining the acquisition team at Infinity Properties, reach out to Shane Decker at [email protected].

Players

Pamela McCleod

ONE Commercial Real Estate

Broker

$9.1M

vol

1 deal

Broker

Kissimmee Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $106 per square foot on a published $9.1M for 86,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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