Updated Oct 29, 2024
Ultimate Realty Acquires Industrial Property In Orlando For $6.5M
851 E Maple St, Winter Garden, FL 34787, USA
$6,475,000
$28/SF
Building Size
230,000 SF
Asset Type
Industrial
Closing
Sep 16, 2020
About this deal
AI
The industrial property located at 851 E. Maple Street in Orlando has been sold for a price of $6,475,000. The property spans over 230,000 square feet, occupying 18.7 acres of land. The buyer, Ultimate Realty represented by Mark & Michael Sabbagh, acquired the property from the seller, Crown Holdings (NYSE: CCK). The transaction was facilitated by CBRE brokers David Murphy, Monica Wonus, and Carl Gershback.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,475,000
- Square Footage: 230,000
- Address: 851 E. Maple Street, Orlando
- Market: Orlando
This deal showcases the participation of Ultimate Realty, represented by Mark & Michael Sabbagh, as the buyers in the transaction. On the other hand, Crown Holdings (NYSE: CCK) acted as the seller of the industrial property. The intermediaries who facilitated the sale were CBRE brokers David Murphy, Monica Wonus, and Carl Gershback.
On the Map
$6,475,000
$28/SF
Industrial
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Players
Winter Garden 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
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93