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2840 Orange Avenue

Buligo Capital Partners Acquires Industrial Property In Apopka, FL For $7.85M
SOLDIndustrial

Buligo Capital Partners Acquires Industrial Property In Apopka, FL For $7.85M

2840 Orange Avenue

$7,850,000

$111/SF

Building Size

70,325 SF

Asset Type

Industrial

Closing

Dec 20, 2023

AI

The industrial property located at 2840 Orange Avenue in Apopka, FL has been sold in a closed transaction. The property spans 70,325 square feet and was sold for a price of $7,850,000, resulting in a price per square foot of $112. The sale took place on December 20, 2023. The seller of the property is the Tolliver Family, while the buyer is Buligo Capital Partners.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,850,000
  • Square footage: 70,325
  • Price per square foot: $112
  • Address: 2840 Orange Avenue, Apopka, FL
  • Market: Apopka, FL

The transaction was facilitated by brokers Marc Smouha and David Warren from KSR. If you are interested in transacting in the Southeast Industrial Markets, you can reach out to Marc Smouha at [email protected] or David Warren at [email protected]. Happy Holidays!

Players

Marc D. Smouha

Corepoint RE

Broker

$292.4M

vol

39 deals

Broker
BI
Buligo Capital Partners, Inc.Buyer

Apopka 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

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93