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8320 Epicenter Boulevard

Luke Colbert Purchases Industrial Asset From Ben Genet David Garfinkle And Craig Sternberg For $9.25M
SOLDIndustrial

Luke Colbert Purchases Industrial Asset From Ben Genet David Garfinkle And Craig Sternberg For $9.25M

8320 Epicenter Boulevard

$9,250,000

$151/SF

Building Size

61,000 SF

Asset Type

Industrial

Closing

Jul 22, 2026

AI

The transaction involved an industrial asset located at 8320 Epicenter Boulevard in the Lakeland market. The property was sold for $9,250,000, comprising a total of 61,000 square feet, equating to a price per square foot of $151.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,250,000
  • Sale Date: 07/22/2026
  • Buyer: Luke Colbert
  • Seller: Ben Genet, David Garfinkle & Craig Sternberg
  • Broker: Nick Watson - Matthews

This transaction involved key individuals including the buyer Luke Colbert and the selling trio of Ben Genet, David Garfinkle, and Craig Sternberg, with representation from broker Nick Watson of Matthews contributing to the successful closure of the deal.

Players

Nick Watson

Matthews

Broker

$163.7M

vol

22 deals

Broker
Luke Colbert

Luke Colbert

Buyer

$153.9M

vol

2 deals

Buyer

David Garfinkle

Seller

$71.8M

vol

4 deals

Seller

Lakeland 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93