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3600 Silver Star Road

Long Wharf & Denholtz Properties Acquire Orlando Industrial Asset For $36.5M
SOLDIndustrial

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

Luis Castillo

JLL

Broker

$2.1B

vol

55 deals

Broker

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