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Satellite Blvd

Midtown Capital Partners Purchases Industrial Asset From Harbert Management Corporation For $56.1M
SOLDIndustrial

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:

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

Luis Castillo

JLL

Broker

$2.3B

vol

58 deals

Broker
MP
Midtown Capital PartnersBuyer
HC
Harbert Management CorporationSeller

Orlando 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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93