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Basis Industrial Acquires Industrial Property In Orlando For $36.5M

Property Image
SOLD
$36,500,000

Florida

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Industrial198,588 SF
Sold 12/19/2022
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Property Image
SOLD

Basis Industrial Acquires Industrial Property In Orlando For $36.5M

5730 S Semoran Blvd

See Similar Deals
Industrial198,588 SF
Sold 12/19/2022
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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

Ronald (Ron) Rogg
14 deals$524.7M volume
BROKER

Basis Industrial
BROKERAGE

Anthony Scavo
Basis Industrial
44 deals$1.3B volume
BUYER

Dan Weinstein
Basis Industrial
13 deals$231.2M volume
BUYER

Details

SOLD
IMAGE: Anthony Scavo, Dan Weinstein & Ron Rogg DATE: 12/19/2022 ADDRESS: 5730 S Semoran Blvd MARKET: Orlando ASSET TYPE: Industrial BUYER: Basis Industrial (@BasisIndustrial) - Dan Weinstein & Anthony Scavo SELLER: Terracap Management BROKER: Ron Rogg - CBRE SALE PRICE: $36,500,000 SF: 198,588 ~ PPSF: $184 NOTE FROM @BasisIndustrial: With the OIBC Purchase, Basis Industrial closes out 2022 with over 1 million SF acquired

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Deal Type
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