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5220 Ciron Circle, Orlando, FL

Ultimate Realty Acquires Industrial Park In Orlando For $5.15M
SOLDIndustrial

Ultimate Realty Acquires Industrial Park In Orlando For $5.15M

5220 Ciron Circle, Orlando, FL

$5,150,000

$117/SF

Building Size

43,908 SF

Asset Type

Industrial

Closing

May 25, 2023

AI

An industrial park consisting of three buildings located at 5220 Ciron Circle in Orlando, FL has been sold in a closed transaction. The property spans a total of 43,908 square feet and was sold for a price of $5,150,000, resulting in a price per square foot of $117. The seller of the property is Ozinus Giron.

Summary of transaction details:

  • Property Type: Industrial Park (3 Building)
  • Sale Price: $5,150,000
  • Square Footage: 43,908
  • Price Per Square Foot: $117
  • Address: 5220 Ciron Circle, Orlando, FL
  • Market: Orlando, FL

The buyer in this transaction is Ultimate Realty, represented by Mark Sabbagh & Michael Sabbagh. They acquired the property from the seller, Ozinus Giron. The mortgage for this transaction was brokered by Max Kra from Ackman Ziff.

Players

Max Kra

Ackman-Ziff

Broker

$214.3M

vol

6 deals

Broker
Mark Sabbagh

Mark Sabbagh

Ultimate Realty

Buyer

$109.7M

vol

11 deals

Buyer

Miami 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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93