Infinity Properties USA Acquires Industrial Asset In Longwood For $35M
705 W State Rd 434, Longwood, FL, 3...
$35,000,000
$133/SF
Building Size
262,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in the transaction is an industrial asset located at 705 W State Rd 434 in Longwood, FL. Spanning 262,000 square feet, it was acquired by Infinity Properties USA for $35,000,000. Infinity currently owns and operates 130,000 square feet of industrial assets in the same strong industrial market of Northern Orlando.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,000,000.00
- Address: 705 W State Rd 434, Longwood, FL
- Market: Longwood
- Buyer's Rep: Louis P. Archambault
- Buyer: Infinity Properties USA
- Square Footage: 262,000
Infinity Properties USA, led by Shane Decker and Brett Schlacter, known as the “Industrial Kings of Florida,” made a significant acquisition with this purchase. The transaction was successfully represented by transactional attorneys Louis P. Archambault and Sophia Rub of Saul Ewing Arnstein & Lehr LLP. Infinity Properties is a private family office with a focus on real estate acquisitions, particularly in the industrial sector. With a vast ownership and management portfolio exceeding 1 million square feet, Infinity's growth in the industrial real estate market remains notable.
Players
Longwood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93