Updated Aug 4, 2026
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
About this deal
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.
On the Map
$9,250,000
$151/SF
Industrial
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Players
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