Updated Oct 13, 2026
Eric Turrin, Robert Sekula, & Gediminas Bulota Of North Park Ventures Acquire Industrial Asset For $3.4M
3120 Skyway Circle
$3,400,000
$121/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Sep 11, 2026
About this deal
AI
The property asset involved in this transaction is an industrial space located at 3120 Skyway Circle in Melbourne. The sale price was $3,400,000, encompassing a total square footage of 28,000, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Address: 3120 Skyway Circle
- Market: Melbourne
- Square Footage: 28,000
- Price Per Square Foot: $121
- Buyer: Eric Turrin, Robert Sekula, & Gediminas Bulota - North Park Ventures
- Seller: La-Z-Boy Incorporated
- Broker: Savills
The key individuals involved in this deal include Eric Turrin, Robert Sekula, and Gediminas Bulota, representing North Park Ventures as the buyers. The seller in this transaction is La-Z-Boy Incorporated, and the facilitating broker is Savills.
On the Map
$3,400,000
$121/SF
Industrial
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Players
Melbourne 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93