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Academy Bus Acquires Industrial Property From McNulty Group Incorporated In Orlando For $8.9M

Property Image
SOLD
$8,900,000

Florida

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Industrial
Sold 04/16/2025
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Property Image
SOLD

Academy Bus Acquires Industrial Property From McNulty Group Incorporated In Orlando For $8.9M

101 Central Florida Parkway

See Similar Deals
Industrial
Sold 04/16/2025
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 101 Central Florida Parkway in the Orlando market. The sale price of the property was $8,900,000, and it encompasses 30,157 square feet, which breaks down to a price per square foot of $295.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,900,000
  • Address: 101 Central Florida Parkway
  • Market: Orlando
  • Square Footage: 30,157
  • Price Per Square Foot: $295
  • Buyer: Academy Bus
  • Seller: McNulty Group Incorporated
  • Buyer's Representative: Santiago Acevedo & Rich DeGirolamo - Compass Commercial

This transaction was facilitated with the representation of Santiago Acevedo and Rich DeGirolamo from Compass Commercial, who acted on behalf of Academy Bus. The seller in this transaction is McNulty Group Incorporated, highlighting the roles of the brokerage team in executing this deal within the industrial sector.

Players

Santiago Acevedo
12 deals$63M volume(954) 652-9911
BROKER

Rich DeGirolamo
Compass
8 deals$47.6M volume(215) 680-2266
BROKER

Rich DeGirolamo
Compass
8 deals$47.6M volume(215) 680-2266
BROKER

Details

SOLD
IMAGE: Santiago Acevedo & Rich DeGirolamo DATE: 04/16/2025 ADDRESS: 101 Central Florida Parkway MARKET: Orlando ASSET TYPE: Industrial BUYER: Academy Bus SELLER: McNulty Group Incorporated BUYER'S REP: Santiago Acevedo (@SantiagoAceved.o) & Rich DeGirolamo - Compass Commercial (@Compass) SALE PRICE: $8,900,000 SF: 30,157 ~ PPSF: $295

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$474,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49