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Basis Industrial Purchases Industrial Property In Orlando For $19.5M

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SOLD
$19,500,000

Florida

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Industrial290,430 SF
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Basis Industrial Purchases Industrial Property In Orlando For $19.5M

5790 Hoffner Avenue & 5818 Hoffner Avenue

See Similar Deals
Industrial290,430 SF
Sold
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$67
Total Square Footage:290,430 SF
Transaction Type:Sale

The industrial property located at 5776, 5790, and 5818 Hoffner Avenue in Orlando, FL 32822, was successfully sold in a recent transaction. The property spans 96,810 square feet and was sold for $19,500,000, amounting to a price per square foot of $201. The deal was facilitated by brokers Nick Hanson and Nick Ledvora from LH Capital Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,500,000
  • Buyer: Basis Industrial - Daniel Weinstein, Anthony Scavo, & Ahmad Elayyan
  • Seller: Jun Tagami

The acquisition was led by Basis Industrial, represented by Daniel Weinstein, Anthony Scavo, and Ahmad Elayyan. On the sell side, Jun Tagami facilitated the transaction. The buyer's interests were represented by the team of Nick Hanson and Nick Ledvora from LH Capital Partners.

Players

Nick Ledvora
11 deals$127M volume
BROKER

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

Details

SOLD
IMAGE: Nick Ledvora, Daniel Weinstein, Anthony Scavo, Ahmad Elayyan & Nick Hanson DATE: 03/22/2024 ADDRESS: 5776, 5790 And 5818 Hoffner Avenue, Orlando, Fl 32822 MARKET: Orlando ASSET TYPE: Industrial BUYER: Basis Industrial - Daniel Weinstein, Anthony Scavo (@AnthonyScavoJr) & Ahmad Elayyan SELLER: Jun Tagami BROKERS: Nick Hanson & Nick Ledvora - LH Capital Partners SALE PRICE: $19,500,000 SF: 96,810 ~ PPSF: $201

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

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38