Tratt Properties Acquires Industrial Asset In Orlando For $41.2M
8201 Chancellor Dr, Orlando, FL 32809, USA
$41,200,000
$5/SF
Building Size
7,135,850 SF
Asset Type
Industrial
Closing
May 5, 2020
AI
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
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93