Miguel Pinto Of Terramap Properties Purchases Industrial Asset From Lowrie Brown For $3.9M In Orlando
SOLD
Florida
See Similar DealsIndustrial38,681 SF
Sold
SOLD
Miguel Pinto Of Terramap Properties Purchases Industrial Asset From Lowrie Brown For $3.9M In Orlando
1110 Sligh Boulevard
See Similar DealsIndustrial38,681 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:38681 SF
Transaction Type:Sale
The property asset is located at 1110 Sligh Boulevard in the Orlando market. The sale price of the industrial property was $3,900,000, which equates to a price per square foot of $100. The total square footage of the asset is 38,681.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Buyer: Miguel Pinto - Terramap Properties
- Seller: Lowrie Brown
- Broker: Felipe Escobar - APEX Capital Realty
Miguel Pinto represented Terramap Properties in the acquisition of this asset, while Lowrie Brown sold the property. Felipe Escobar of APEX Capital Realty acted as the broker for this transaction, facilitating the deal between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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