Updated Oct 29, 2024
Lexington Realty Trust Acquires Industrial Property In Ocala For $58.4M
3400 NW 35th Avenue Rd, Ocala, FL 34475, USA
$58,400,000
$94/SF
Building Size
617,055 SF
Asset Type
Industrial
Closing
Jul 9, 2020
About this deal
AI
The industrial property located at 3400 NW 35th Street Rd in Ocala has been sold in a closed transaction. The property spans an area of 617,055 square feet and was purchased for a price of $58,400,000, resulting in a price per square foot of $94.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $58,400,000
- Address: 3400 NW 35th Street Rd
- Market: Ocala
The buyer of the property was Lexington Realty Trust, while the sellers were Red Rock Developments & Wharton Industrial. The deal was facilitated by a team of brokers consisting of Mike Davis, Stewart Calhoun, Rick Brugge, Rick Colon, and Casey Masters from Cushman.
On the Map
$58,400,000
$94/SF
Industrial
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Players
Ocala 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93