Academy Bus Acquires Industrial Property From McNulty Group Incorporated In Orlando For $8.9M
101 Central Florida Parkway
$8,900,000
Building Size
—
Asset Type
Industrial
Closing
Apr 16, 2025
AI
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
Orlando 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93