Basis Industrial Acquires Industrial Property In Orlando For $32M
SOLD
$32,000,000
Florida
See Similar DealsIndustrial254,000 SF
Sold 11/30/2022
SOLD
Basis Industrial Acquires Industrial Property In Orlando For $32M
7550 Southland Boulevard
See Similar DealsIndustrial254,000 SF
Sold 11/30/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:254,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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