Automotive Properties REIT Acquires Industrial Asset In Orlando For $16.8 Million

The property asset involved in the transaction is located at 4000 Shader Road in Orlando. This industrial asset features a total square footage of 34,938 and spans across 6.4 acres. The transaction took place for a sale price of $16,800,000, resulting in a price per square foot of $480.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,800,000
• Square Footage: 34,938
• Address: 4000 Shader Road
• Market: Orlando
• Acres: 6.4
• Buyer: Automotive Properties REIT (TSX: APR.UN)
• Seller: Mark Sabbagh & Michael Sabbagh - Ultimate Realty
• Brokers: Josh Katlin, Cody Brais & Luis Castillo - JLL

This transaction involved key players including Automotive Properties REIT as the buyer and Ultimate Realty represented by Mark Sabbagh and Michael Sabbagh as the sellers. The brokers facilitating the deal included Josh Katlin, Cody Brais, and Luis Castillo from JLL, who played a significant role in connecting the buyer and seller.