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3200 Mercy Dr, Orlando, FL,...

Gramercy Property Trust Inc Acquires Orlando Property From Multiple Seller Representatives For $9.8M
SOLDIndustrial

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:

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

David Wilson

Lee & Associates

Broker

$562M

vol

34 deals

Broker
GT
Gramercy Property TrustBuyer

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