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

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SOLD
$3,600,000

Florida

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Industrial189,922 SF
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SOLD

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

7138 Narcoossee Road, Orlando, Florida 32822, United States

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Industrial189,922 SF
Sold
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$19
Total Square Footage:189922 SF
Transaction Type:Sale

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
10 deals$58.8M volume
BROKER

Details

SOLD
IMAGE: Donald Shapiro & Ariel Golan DATE: 05/18/2022 ADDRESS: 7138 Narcoossee Rd MARKET: Narcoossee, Orlando ASSET TYPE: Industrial BUYER: Discount Truck Parking - Ariel Golan (@ArielGolan) BROKER: Donald Shapiro (@TheRealDonaldShapiro) - KG Commercial /Compass SALE PRICE: $3,600,000 SF: 189,922 ~ PPSF: $19 NOTE FROM @ArielGolan: Discount Truck Parking has purchased its fourth operating location with a goal to provide as many safe and secure truck parking facilities for on the road truck drivers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04