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
Orlando 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93