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Marcus & Millichap Acquires Industrial Property In Oviedo For $22.2M

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SOLD
$22,200,000

Florida

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Industrial198,000 SF
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SOLD

Marcus & Millichap Acquires Industrial Property In Oviedo For $22.2M

5707 Dot Com Ct, Oviedo, FL 32765, USA

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Industrial198,000 SF
Sold
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:198,000 SF
Transaction Type:Sale

The industrial property located at 5700, 5707, and 5712 Dot Com Court in Oviedo has been sold for a total price of $22,200,000. The transaction took place on August 26, 2020. The property spans across 198,000 square feet, resulting in a price per square foot of $112.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,200,000
  • Square Footage: 198,000
  • Price per Square Foot: $112
  • Market: Oviedo

The seller of the property was Ganesh Holdings Inc, and they were represented by Joe Rossi and Nick Hanson from Colliers International. On the buyer's side, Nick Ledvora from Marcus & Millichap acted as the representative.

Players

Nick Ledvora
11 deals$127M volume
BROKER

Joe Rossi
Colliers
4 deals$109M volume
BROKER

Nick Hanson
LH Capital Partners
6 deals$85.4M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Nick Hanson & Nick Ledvora DATE: 08/26/2020 ADDRESS: 5700, 5707 & 5712 Dot Com Court MARKET: Oviedo ASSET TYPE: Industrial PRICE: $22,200,000 SF: 198,000 PPSF: $112 SELLER: Ganesh Holdings Inc SELLER'S REP: Joe Rossi & Nick Hanson - Colliers International BUYER'S REP: Nick Ledvora - Marcus & Millichap

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,183,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,871.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,239.33
Annual Debt Service$1,262,871.91