Updated Sep 5, 2024
Crossroads 429 Industrial Property In Apopka Sold For $40.2M To Drake Street Partners And Whalley Capital Group
2800 General Electric Rd Apopka, FL 32703, USA
$40,200,000
$143/SF
Building Size
280,437 SF
Asset Type
MultiFamily
Closing
May 24, 2023
About this deal
AI
Crossroads 429, a two-building industrial property located at 2800 General Electric Rd in Apopka, FL 32703, USA, has been sold for $40.2 million. The property spans 280,437 square feet and features a rear-load configuration, 32-foot clear heights, and 67 dock-high doors.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $40,200,000
- Units: ~
- Price per Unit: Infinity
- Square Footage: 280,437
- Price per Square Foot: Infinity
Drake Street Partners and Whalley Capital Group were the buyers of Crossroads 429. The transaction was facilitated by Luis Castillo, Dennis Mitchell, and Cody Brais, representing the brokers involved in the deal.
Players
Apopka MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93