facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

7138 Narcoossee Road, Orlan...

Discount Truck Parking Acquires Industrial Property In Narcoossee, Orlando For $3.6M
SOLDIndustrial

Discount Truck Parking Acquires Industrial Property In Narcoossee, Orlando For $3.6M

7138 Narcoossee Road, Orlando, Florida 32822, United States

$3,600,000

$19/SF

Building Size

189,922 SF

Asset Type

Industrial

Closing

May 17, 2022

AI

A discount truck parking facility has been sold in Narcoossee, Orlando. The industrial property, located at 7138 Narcoossee Rd, was purchased by Discount Truck Parking for a total price of $3,600,000. The property spans a total area of 189,922 square feet, resulting in a price per square foot of $19. This acquisition marks Discount Truck Parking's fourth operating location, as the company aims to provide safe and secure parking facilities for on-the-road truck drivers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,600,000
  • Address: 7138 Narcoossee Rd
  • Market: Narcoossee, Orlando
  • Square Footage: 189,922

The deal was facilitated by broker Donald Shapiro from KG Commercial/Compass, representing the buyer, Ariel Golan, who is associated with Discount Truck Parking. With this acquisition, Discount Truck Parking expands its footprint and continues to fulfill its goal of offering safe and secure truck parking facilities to professional drivers.

Players

Donald Shapiro

Compass

Broker

$58.8M

vol

10 deals

Broker

Ariel Golan

Discount Truck Parking USA

Buyer

$43.2M

vol

4 deals

Buyer

Orlando 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93