Midtown Capital Partners Purchases Industrial Asset From Harbert Management Corporation For $56.1M
Satellite Blvd
$56,100,000
$218/SF
Building Size
256,838 SF
Asset Type
Industrial
Closing
Jun 26, 2026
AI
The industrial property located at 9500-9901 Satellite Blvd has been sold for a transaction amount of $56,100,000. This asset spans a total square footage of 256,838, resulting in a price per square foot of $218 in the Orlando market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $56,100,000
- Address: 9500-9901 Satellite Blvd
- Market: Orlando
- Square Footage: 256,838
- Price per Square Foot: $218
- Buyer: Midtown Capital Partners
- Seller: Harbert Management Corporation
- Buyer's Representative: Zach Fox, Alejandro Velez & Alexander Saieh - Midtown Capital Partners
- Seller's Representatives: Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. & Mia Gian - JLL
This transaction involved key representatives for both parties; the buyer was represented by Zach Fox, Alejandro Velez, and Alexander Saieh from Midtown Capital Partners, while the seller was represented by Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr., and Mia Gian from JLL.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93