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
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