Updated Dec 4, 2024
LBA Logistics Acquires Lee Vista Business Center In Orlando For $120M
7455 Emerald Dunes Drive
$120,000,000
$188/SF
Building Size
635,684 SF
Asset Type
Industrial
Closing
Jun 25, 2024
About this deal
AI
The Lee Vista Business Center, comprising 635,684 square feet of industrial space across four buildings, located at 7455 Emerald Dunes Drive in Orlando, was sold for $120 million. The property spans 81 acres and was a strategic acquisition due to its proximity to Orlando International Airport, making it an attractive location for distribution tenants.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Buyer: LBA Logistics
- Seller: Luke J. Petherbridge - Link Logistics
- Market: Orlando
- Square Footage: 635,684
- Price per Square Foot: $189
LBA Logistics, based in Irvine, CA, completed the purchase of the Lee Vista Business Center from Luke J. Petherbridge of Link Logistics. The acquisition highlights their interest in expanding their industrial portfolio and leveraging the property's strategic location for potential future development opportunities.
On the Map
$120,000,000
$188/SF
Industrial
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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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93