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Tratt Properties Acquires Industrial Asset In Orlando For $41.2M

Property Image
SOLD
$41,200,000
Rick Brugge
Mike Davis
+ 3

Florida

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Industrial7,135,850 SF
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Property Image
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Tratt Properties Acquires Industrial Asset In Orlando For $41.2M

8201 Chancellor Dr, Orlando, FL 32809, USA

See Similar Deals
Industrial7,135,850 SF
Sold
Rick Brugge
Mike Davis
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$5
Total Square Footage:7135850 SF
Transaction Type:Sale

The industrial property located at 8201 Chancellor Drive in Orlando has been sold in a closed transaction. The property spans 713,585 square feet and was sold for a price of $41,200,000, which translates to a price per square foot of $57. The buyer of this property is Tratt Properties, while the seller is Exan Capital.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $41,200,000
  • Square Footage: 713,585
  • Price Per Square Foot: $57
  • Address: 8201 Chancellor Drive, Orlando

The deal was facilitated by the brokerage team at Cushman & Wakefield. The brokers involved in this transaction include Mike Davis, Wayne Ramoski, Rick Brugge, Rick Colon, Jared Bonshire, and David Perez.

Players

David Perez
8 deals$169.2M volume
BROKER

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

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

Jared Bonshire
Cushman & Wakefield
7 deals$170.5M volume
BROKER

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

Wayne Ramoski
Cushman & Wakefield
14 deals$128.3M volume
BROKER

Tratt Properties
BUYER

Details

SOLD
IMAGE: Mike Davis, Rick Brugge, Rick Colon, Jared Bonshire & David Perez DATE: 05/06/2020 ADDRESS: 8201 Chancellor Drive MARKET: Orlando ASSET TYPE: Industrial PRICE: $41,200,000 SF: 713,585 PPSF: $57 BUYER: Tratt Properties SELLER: Exan Capital BROKERS: Mike Davis, Wayne Ramoski, Rick Brugge, Rick Colon, Jared Bonshire & David Perez – Cushman & Wakefield

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

$2,197,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$146,374.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$195,309.02
Annual Debt Service$2,343,708.23