Updated Oct 28, 2024
IP Capital Partners & Torchlight Investors Acquire Ocala Industrial Property For $126.5M
655 SW 52nd Ave, Ocala, FL, USA
$126,500,000
$66/SF
Building Size
1,900,000 SF
Asset Type
Industrial
Closing
Jul 18, 2021
About this deal
AI
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
Ocala 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93