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905 East Rose Street

Scott Liebman - Banyan Holdings Acquires Industrial Property In Lakeland For $1,172,800
SOLDIndustrial

Scott Liebman - Banyan Holdings Acquires Industrial Property In Lakeland For $1,172,800

905 East Rose Street

$1,172,800

$78/SF

Building Size

14,883 SF

Asset Type

Industrial

Closing

Apr 11, 2023

AI

An industrial property located at 905 East Rose Street in Lakeland has been sold in a recent transaction. The property spans 14,883 square feet and was sold for a price of $1,172,800, resulting in a price per square foot of $79.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,172,800
  • Square Footage: 14,883
  • Address: 905 East Rose Street
  • Market: Lakeland

The buyer in this transaction is Scott Liebman from Banyan Holdings, while the seller is Mitch Gerber representing Pegasus Medical Concepts Inc. The deal was facilitated by Benjamin Wright from Compass.

Players

Benjamin Wright

Compass

Broker

$4.6M

vol

2 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.53%

Cash-on-Cash

-3.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93