Marcus & Millichap Brokers Sell Industrial Property In Winter Park For $4.2M
7038 Stapoint Court, Winter Park, FL 32792, USA
$4,200,000
$150/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Dec 8, 2021
AI
Located in Winter Park, the industrial property at 7038 Stapoint Court has been sold by Malahan Investments. The property spans 28,000 square feet and was sold for a price of $4,200,000, resulting in a price per square foot of $150. The transaction took place on December 8, 2021, and was facilitated by the team of Michael Alaoui, Braden Dwyer, and Nick Ledvora from Marcus & Millichap.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 7038 Stapoint Court
- Market: Winter Park
The sale of the property was handled by the broker team at Marcus & Millichap, consisting of Michael Alaoui, Braden Dwyer, and Nick Ledvora. Their expertise and representation played a crucial role in the successful completion of the deal.
Players
Winter Park 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93