Catalyst Investment Partners Acquires Industrial Property In Orlando For $7.5M
335 Central Florida Pkwy Orlando, FL 32824, USA
$7,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 13, 2023
AI
The property involved in this transaction is an Industrial Outdoor Storage (IOS) site located at 335 Central Florida Parkway in Orlando. The site spans across 10.24 acres and was sold by Piney Branch Motors to Catalyst Investment Partners for a price of $7,500,000. The price per acre for this transaction amounts to $732,422.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Address: 335 Central Florida Parkway, Orlando
- Market: Orlando
Catalyst Investment Partners, represented by Brandon Johnson and Adrian Golec, purchased the property from Piney Branch Motors. The transaction was facilitated by Jerod Freeland from Foundry Commercial, who acted as the broker in the deal. Foundry Commercial was able to secure this off-market opportunity for Catalyst Investment Partners, who are actively seeking to acquire additional Industrial Outdoor Storage sites in major infill markets throughout Florida.
The property, spanning 10.24 acres, is now available for lease. For more information regarding leasing or other potential sites for purchase, interested parties can contact Jerod Freeland at [email protected].
Players
Miami 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93