Updated Oct 28, 2024
C.J. Easton & David Wilf Acquire 10.21-Acre Industrial Property In Sanford For $7.125M
3850 Lake Mary Blvd, Sanford, FL, USA
$7,125,000
$16/SF
Building Size
444,878 SF
Asset Type
Industrial
Closing
Oct 29, 2021
About this deal
AI
The industrial property located at 3850 Lake Mary Blvd. in Sanford has been sold. The property spans approximately 10.21 acres and is situated in the Sanford market.
Summary of Transaction Details
- Property Type: Industrial
- Sale Date: 10/29/2021
- Address: 3850 Lake Mary Blvd.
- Market: Sanford
- Size: 10.21 acres
The buyer in the transaction was C.J. Easton & David Wilf, represented by The Easton Group, Stonemont Financial, and Cerberus Capital Management. On the other hand, the seller was Seminole Land Management, with James Hodges as their representative.
The property was sold for a total price of $7,125,000. The sale price matched the asking price, indicating a successful transaction.
Players
Sanford 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93