Updated Dec 4, 2024
Basis Industrial/NexPoint Acquires Industrial Portfolio In Orlando For $25M
6101 Chancellor Drive, 6149 Chancellor Drive, 6203 Chancellor Drive, 6251 Chancellor Drive & 6330 Emperor Drive
$25,000,000
$25/SF
Building Size
192,767 SF
Asset Type
Industrial
Closing
Jun 13, 2024
About this deal
AI
The industrial property located at 6101, 6149, 6203, and 6251 Chancellor Drive, as well as 6330 Emperor Drive in Orlando, FL, was successfully sold. The asset spans 192,767 square feet, with a sale price of $25,000,000, translating to approximately $130 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Buyer: Basis Industrial/NexPoint Real Estate Advisors
- Seller: B Group Capital Management
- Buyer's Representative: Anthony Scavo - Basis Industrial
- Seller's Representative: Ronald Rogg - CBRE
The deal involved key individuals Jimmy Caple, Mike DiCosimo, DDD (Dustin Dulin), Rob Harris, Dan Weinstein, Taylor Colbert, Ahmad Elayyan, Sebastian Barbagallo, and Franco Barbagallo, who played crucial roles in facilitating the successful transaction.
On the Map
$25,000,000
$25/SF
Industrial
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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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93