Updated Dec 14, 2024
Redfearn Capital Acquires Industrial Property In Orlando FL & Burlington, NC For $15.25M
5340 Young Pine Road, Orlando, Florida 32829, United States
$15,250,000
$79/SF
Building Size
193,000 SF
Asset Type
Industrial
Closing
Jul 4, 2022
About this deal
AI
Redfearn Capital, led by Alex Redfearn, has acquired an industrial property located at 5340 Young Pine Rd in Orlando, FL and 2611 Lavista Drive in Burlington, NC. The property spans approximately 193,000 square feet and was sold for a total price of $15,250,000, resulting in a price per square foot of $79.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,250,000
- Address: 5340 Young Pine Rd & 2611 Lavista Drive
- Market: Orlando FL & Burlington, NC
Kapp Morrison LLP provided legal counsel for the transaction, ensuring a smooth process for Redfearn Capital during the acquisition.
This successful deal showcases the expertise and strategic decision-making of Redfearn Capital, led by Alex Redfearn, in expanding their industrial portfolio. The acquisition of this sizable property in two different markets demonstrates their commitment to growth and diversification in the industrial sector.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93