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
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