Basis Industrial Acquires Industrial Property In Orlando For $32M
7550 Southland Boulevard
$32,000,000
$126/SF
Building Size
254,000 SF
Asset Type
Industrial
Closing
Nov 30, 2022
AI
The industrial property located at 7550 - 7800 Southland Blvd in Orlando has been sold in a recent transaction. The property spans over 254,000 square feet and was sold for a total price of $32,000,000. The buyer of the property is Basis Industrial. The sale price per square foot is $126.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Square Footage: 254,000
- Price Per Square Foot: $126
- Address: 7550 - 7800 Southland Blvd, Orlando
- Market: Orlando
Ronald J. Rogg from CBRE represented Basis Industrial as the broker in this transaction.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93