Updated Oct 29, 2024
LBA Logistics Acquires Winegard Road Industrial Property In Orlando For $26.4M
7705 Winegard Rd, Pine Castle, FL 32809, USA
$26,400,000
$11/SF
Building Size
2,301,170 SF
Asset Type
Industrial
Closing
Jun 16, 2020
About this deal
AI
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.
On the Map
$26,400,000
$11/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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93