Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 3775 South County Line Road, Plant City, FL, USA in Plant City, Florida sold for $48.5M in 2020. The building is 510,000 square feet, implying about 95 per square foot on the published price. Named participants on the 3775 South County Line Road, Plant City, FL, USA sale are Peter Lewis. This page is the Plant City, Florida file for the 3775 South County Line Road, Plant City, FL, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Plant City sit in the Market section below. Filter that Plant City industrial set by closing date to see what else sold near 3775 South County Line Road, Plant City, FL, USA around 2020. Published consideration for 3775 South County Line Road, Plant City, FL, USA is $48.5M, dated 2020. Cite this Lexington Realty Trust Acquires Industrial Asset In Plant City For $48.5M sale when underwriting similar industrial product around Plant City, Florida.
Plant City 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93