Lexington Realty Trust Acquires Industrial Asset In Plant City For $48.5M
3775 South County Line Road, Plant City, FL, USA
$48,500,000
$95/SF
Building Size
510,000 SF
Asset Type
Industrial
Closing
Jun 25, 2020
AI
An industrial property located at 3775 South County Line Road in Plant City has been sold for a price of $48,500,000. The property spans 510,000 square feet, resulting in a price per square foot of $95.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $48,500,000
- Address: 3775 South County Line Road, Plant City
The buyer in this transaction was Lexington Realty Trust, while the seller was Wharton Industrial Trust, represented by Peter Lewis.
Plant City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93