Long Wharf & Denholtz Properties Acquire Orlando Industrial Asset For $36.5M
3600 Silver Star Road
$36,500,000
$143/SF
Building Size
254,915 SF
Asset Type
Industrial
Closing
Apr 25, 2024
AI
The industrial property located at 3600 Silver Star Road in Orlando was involved in a recent transaction. The property spans 254,915 square feet and was sold for a total of $36,500,000, resulting in a price per square foot of $143. The sale took place on 04/25/2024 and included Long Wharf Capital & Denholtz Properties as the buyers, while Investcorp & Denholtz Properties acted as the sellers. Luis Castillo, Cody Brais & Taylor Osborne from JLL represented the seller in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,500,000
- Buyer: Long Wharf Capital & Denholtz Properties
- Seller: Investcorp & Denholtz Properties
- Seller's Rep: Luis Castillo, Cody Brais & Taylor Osborne - JLL
- Address: 3600 Silver Star Road
- Market: Orlando
- Square Footage: 254,915
- Price Per Square Foot: $143
The involvement of Luis Castillo, Cody Brais, and Taylor Osborne from JLL as the seller's representatives added a critical dimension to the transaction. Their expertise and negotiation skills likely played a pivotal role in facilitating the successful sale of the industrial property. The collaboration between Long Wharf Capital, Denholtz Properties, Investcorp, and JLL demonstrates the complexity and strategic considerations involved in commercial real estate transactions.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93