Gramercy Property Trust Inc Acquires Orlando Property From Multiple Seller Representatives For $9.8M
3200 Mercy Dr, Orlando, FL, 32808
$9,800,000
$66/SF
Building Size
146,566 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is located at 3200 Mercy Dr, Orlando, FL 32808, within the Orlando market. The transaction was completed for a total price of $9,800,000.00, encompassing a total square footage of 146,566.
Summary of transaction details:
- Property Type: Unknown
- Transaction Amount: $9,800,000.00
- Address: 3200 Mercy Dr, Orlando, FL 32808
- Market: Orlando
- Buyer: Gramercy Property Trust Inc
- Seller's Representatives: Matt Wirth - JLL, David (Dave) Wilson - Lee & Associates, Deborah Mickler - Colliers International, Dennis Mitchell - JLL, David Wilson - Colliers International
The deal involved multiple representatives, indicating a collaborative effort among well-known brokerage firms in the industry, including JLL, Lee & Associates, and Colliers International, playing a significant role in facilitating the transaction.
Players
Orlando 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93