Capstone Equities, Portal Warehousing & Seastone Capital Acquire Industrial Property In Orlando For $8.3M
4121 34th Street
$8,300,000
$98/SF
Building Size
84,562 SF
Asset Type
Industrial
Closing
May 17, 2024
AI
The industrial property located at 4121 34th Street in Orlando, FL, was recently sold for $8,300,000. Spanning 84,562 square feet, the property was acquired at a price per square foot of $98. The sale involved buyers such as Capstone Equities represented by Joshua Zamir & Justin Adelipour, Portal Warehousing represented by Alex Morrison & Nathaniel Neman, and Seastone Capital represented by Adam Goodstein & EM Investment Partners. The seller in this transaction was Nephron Pharmaceuticals Corporation.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Buyer: Capstone Equities - Joshua Zamir & Justin Adelipour; Portal Warehousing - Alex Morrison & Nathaniel Neman; Seastone Capital - Adam Goodstein & EM Investment Partners
- Seller: Nephron Pharmaceuticals Corporation
- SF: 84,562
- PPSF: $98
The buyers in this transaction, particularly Portal Warehousing, together with their real estate partners, have expressed a specific interest in acquiring vacant warehouses within infill pockets across the top MSAs. For further inquiries or deal review, potential parties are advised to contact [email protected] and [email protected].
Players
Orlando 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93