Taurus Investment Holdings Acquires Industrial Portfolio In Orlando & St. Petersburg, FL For $175M
3462 Maggie Boulevard, Orlando, Florida 32811, United States
$175,000,000
$535/SF
Building Size
326,845 SF
Asset Type
Industrial
Closing
Jun 7, 2022
AI
The property involved in the transaction is an industrial asset located at 3462-3482 Maggie Blvd, 9700 16th St N, St, 9400 International Ct, 9500 International Ct, and 9700 International Ct in Orlando and St. Petersburg, FL. The property spans a total of 326,845 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $175,000,000
- Price per Square Foot: $535
Taurus Investment Holdings, represented by Peter Merrigan, William Garey, and Lathan Allen, acquired the property in the transaction. The buyer was represented by Dennis Mitchell from JLL.
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93