IP Capital Partners & Torchlight Investors Acquire Ocala Industrial Property For $126.5M
SOLD
$126,500,000
+ 5
Florida
See Similar DealsIndustrial1,900,000 SF
Sold 07/19/2021
SOLD
IP Capital Partners & Torchlight Investors Acquire Ocala Industrial Property For $126.5M
655 SW 52nd Ave, Ocala, FL, USA
See Similar DealsIndustrial1,900,000 SF
Sold 07/19/2021
+ 5
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:1,900,000 SF
Transaction Type:Sale
The industrial property located at 655 SW 52nd Ave. in Ocala has recently been sold for a total price of $126,500,000. The property spans over 1,900,000 square feet, resulting in a price per square foot of $67. The transaction took place on July 19, 2021, and involved IP Capital Partners and Torchlight Investors as the buyers, while Reich Brothers acted as the sellers.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $126,500,000
- Address: 655 SW 52nd Ave.
- Market: Ocala
The deal was facilitated by a team of brokers from Cushman & Wakefield, including Mike Davis, Adam Spies, Rick Brugge, Rick Colon, Kevin Donner, Dominic Montazemi, Zach Eicholtz, and Brooke Tulley. These brokers represented both the buyers and sellers throughout the transaction process.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,746,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$449,427.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$599,674.54
Annual Debt Service$7,196,094.45
Is there something missing? Send suggestions