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LBA Logistics Acquires Winegard Road Industrial Property In Orlando For $26.4M

Property Image
SOLD
$26,400,000
Rick Brugge
Mike Davis
+ 2

Florida

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Industrial2,301,170 SF
Sold 06/17/2020
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SOLD

LBA Logistics Acquires Winegard Road Industrial Property In Orlando For $26.4M

7705 Winegard Rd, Pine Castle, FL 32809, USA

See Similar Deals
Industrial2,301,170 SF
Sold 06/17/2020
Rick Brugge
Mike Davis
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$11
Total Square Footage:2,301,170 SF
Transaction Type:Sale

The industrial property located at 7705-7725 Winegard Road in Orlando has been sold in a closed transaction. The property spans approximately 230,117 square feet and was sold for a total price of $26,400,000 at a price per square foot of $114. The buyer in this transaction is LBA Logistics, while the seller is McDonald Development Co. The deal was facilitated by the brokers Mike Davis, Rick Brugge, Rick Colon, Mark Hardee, and Zach Eichholtz from Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,400,000
  • Square Footage: 230,117
  • Price Per Square Foot: $114
  • Location: 7705-7725 Winegard Road, Orlando

The transaction involved the collaboration of key individuals and companies. The buyer, LBA Logistics, aimed to acquire the industrial property. On the other side of the deal, McDonald Development Co acted as the seller. The brokers from Cushman & Wakefield, including Mike Davis, Rick Brugge, Rick Colon, Mark Hardee, and Zach Eichholtz, facilitated the transaction, ensuring a successful outcome for all parties involved.

Players

Mark Hardee
1 deal$26.4M volume
BROKER

Mike Davis
Cushman & Wakefield
65 deals$3.6B volume
BROKER

Rick Brugge
Cushman & Wakefield
65 deals$2.8B volume
BROKER

Rick Colon
Cushman & Wakefield
55 deals$2.7B volume
BROKER

Zachary Eicholtz
Cushman & Wakefield
17 deals$1.1B volume
BROKER

LBA Logistics
BUYER

Details

SOLD
IMAGE: Mike Davis, Rick Brugge, Rick Colon & Mark Hardee DATE: 06/17/2020 ADDRESS: 7705-7725 Winegard Road MARKET: Orlando ASSET TYPE: Industrial PRICE: $26,400,000 SF: 230,117 PPSF: $114 BUYER: LBA Logistics SELLER: McDonald Development Co BROKERS: Mike Davis, Rick Brugge, Rick Colon, Mark Hardee & Zach Eichholtz – Cushman & Wakefield

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

$1,408,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$93,793.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,149.47
Annual Debt Service$1,501,793.62