Basis Industrial Acquires Industrial Property In Orlando For $36.5M
SOLD
Florida
See Similar DealsIndustrial198,588 SF
Sold 12/19/2022
SOLD
Basis Industrial Acquires Industrial Property In Orlando For $36.5M
5730 S Semoran Blvd
See Similar DealsIndustrial198,588 SF
Sold 12/19/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:198,588 SF
Transaction Type:Sale
An industrial property located at 5730 S Semoran Blvd in Orlando has been sold in a closed transaction. The property, with a total square footage of 198,588, was purchased by Basis Industrial for a sale price of $36,500,000. The price per square foot for this transaction was $184. The seller of the property was Terracap Management.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,500,000
- Square Footage: 198,588
- Price per Square Foot: $184
- Address: 5730 S Semoran Blvd, Orlando
- Buyer: Basis Industrial - Dan Weinstein & Anthony Scavo
- Seller: Terracap Management
- Broker: Ron Rogg - CBRE
With the acquisition of the property at 5730 S Semoran Blvd, Basis Industrial concludes 2022 with over 1 million square feet of properties acquired.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,946,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46
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