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

Property Image
SOLD
$9,800,000
Matt Wirth
Dennis Mitchell
+ 2

Florida

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Industrial146,566 SF
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Property Image
SOLD

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

3200 Mercy Dr, Orlando, FL, 32808

See Similar Deals
Industrial146,566 SF
Matt Wirth
Dennis Mitchell
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:146,566 SF
Transaction Type:Sale

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 (Dave) Wilson
34 deals$562M volume
BROKER

Dennis Mitchell
JLL
19 deals$1.2B volume
BROKER

Matt Wirth
JLL
12 deals$638.5M volume
BROKER

David Wilson
Colliers
3 deals$78.1M volume
BROKER

Deborah Mickler
Colliers
1 deal$9.8M volume(407) 493-6966
BROKER

BUYER

Details

SOLD
IMAGE: 3200 Mercy Dr, Orlando, FL, 32808 MARKET: Orlando SELLER'S REP: Matt Wirth -JLL, David (Dave) Wilson -Lee & Associates, Deborah Mickler -Colliers International, Dennis Mitchell -JLL, David Wilson -Colliers International BUYER: Gramercy Property Trust Inc PRICE: $9,800,000.00 SF: 146566

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$522,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00