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Basis Industrial/NexPoint Acquires Industrial Portfolio In Orlando For $25M

Property Image
SOLD
$25,000,000
Ronald (Ron) Rogg
Anthony Scavo

Florida

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Industrial963,835 SF
Sold 06/13/2024
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Industrial963,835 SF
Sold 06/13/2024
Ronald (Ron) Rogg
Anthony Scavo
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$25
Total Square Footage:963,835 SF
Transaction Type:Sale

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:

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.

Players

Ronald (Ron) Rogg
CBRE
Ronald Rogg
14 deals$524.7M volume
BROKER
Anthony Scavo
Basis Industrial
Anthony Scavo
44 deals$1.3B volume(718) 702-6739
BROKER

Details

SOLD
IMAGE: Jimmy Caple, Mike DiCosimo, DDD (Dustin Dulin), Rob Harris, Anthony Scavo, Dan Weinstein, Taylor Colbert, Ron Rogg, Ahmad Elayyan, Sebastian Barbagallo & Franco Barbagallo DATE: 06/13/2024 ADDRESS: 6101, 6149, 6203, And 6251 Chancellor Drive, & 6330 Emperor Drive MARKET: Orlando, FL ASSET TYPE: Industrial BUYER: Basis Industrial/NexPoint Real Estate Advisors SELLER: B Group Capital Management BUYER'S REP: Anthony Scavo (@AnthonyScavoJR) - Basis Industrial (@BasisIndustrial) SELLER'S REP: Ronald Rogg - CBRE (@CBRE) SALE PRICE: $25,000,000 SF: 192,767 ~ PPSF: $130

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

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05