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3610 West Main Street, Lees...

Yukon Real Estate Partners Acquires Industrial Property In Leesburg, FL For $14.6M
SOLDIndustrial

Yukon Real Estate Partners Acquires Industrial Property In Leesburg, FL For $14.6M

3610 West Main Street, Leesburg, Florida 34748, United States

$14,631,500

$146/SF

Building Size

99,632 SF

Asset Type

Industrial

Closing

Aug 31, 2022

AI

The industrial asset involved in this transaction is located at 3610 W Main St, Leesburg, FL. The property was sold for $14,631,500, encompassing a total area of 99,632 square feet. The price per square foot stands at $147.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,631,500
  • Buyer: Yukon Real Estate Partners
  • Buyer Representatives: Mark Winter-Gitelson & Oliver Davis-Urman
  • Seller: Joseph Proctor
  • Broker: George Smith - Smith Commercial Real Estate

Mark Winter-Gitelson and Oliver Davis-Urman represented Yukon Real Estate Partners in this transaction. The broker, George Smith, noted that cold storage remains a robust investment asset in the current market conditions. He can be contacted for off-market cold storage industrial opportunities or value assessments of cold warehouses.

Players

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 deals

Broker
Mark Winter-Gitelson

Mark Winter-Gitelson

Buyer

$55.3M

vol

4 deals

Buyer

Leesburg 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

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93