Updated Oct 29, 2024
Bobeck Real Estate Acquires Industrial Property In Lakeland For $15.1M
5275 Drane Field Rd, Lakeland, FL 33811, USA
$15,100,000
$68/SF
Building Size
222,134 SF
Asset Type
Industrial
Closing
Aug 26, 2020
About this deal
AI
Blue Steel Development has sold an industrial property in Lakeland. The property, located at 5275 Drane Field Road, was purchased by Bobeck Real Estate for a total price of $15,100,000. The asset spans 222,134 square feet, resulting in a price per square foot of $68.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $15,100,000
- Address: 5275 Drane Field Road
- Market: Lakeland
The sale of this industrial property was facilitated by Colliers International brokers Ryan Vaught, Robyn Hurrell, and Oliver Vaubois who represented the buyer and seller in the deal.
On the Map
$15,100,000
$68/SF
Industrial
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Players
Lakeland 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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93