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4121 34th Street

Capstone Equities, Portal Warehousing & Seastone Capital Acquire Industrial Property In Orlando For $8.3M
SOLDIndustrial

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