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8201 Chancellor Dr, Orlando...

Tratt Properties Acquires Industrial Asset In Orlando For $41.2M
SOLDIndustrial

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

David Perez

Cushman & Wakefield

Broker

$169.2M

vol

8 deals

Broker
Tratt Properties
Tratt PropertiesBuyer

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