Lexington Realty Trust Acquires Industrial Asset In Plant City For $48.5M
SOLD
$48,500,000
Florida
See Similar DealsIndustrial510,000 SF
Sold 06/25/2020
SOLD
Lexington Realty Trust Acquires Industrial Asset In Plant City For $48.5M
3775 South County Line Road, Plant City, FL, USA
See Similar DealsIndustrial510,000 SF
Sold 06/25/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:510,000 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$172,310.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$229,914.74
Annual Debt Service$2,758,976.92
Is there something missing? Send suggestions