Industrial Laser Machines, LLC Leases Office/Flex Space In Winter Park, Florida
4122 Metric Drive Winter Park, FL 32792, USA
Building Size
20,592 SF
Asset Type
Office
Closing
Sep 11, 2023
About this deal
AI
Industrial Laser Machines, LLC (ILM) has leased 20,592 square feet of office/flex space at 4122 Metric Drive in Winter Park, Florida. This space represents 55.3% of the building, located in the Winter Park market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 20,592
- Address: 4122 Metric Drive
- Market: Winter Park
Lee Zerivitz, the representative of Silver City Metric, LLC, served as the landlord's representative in this lease deal. Andrew McCaw of NAI Realvest represented Industrial Laser Machines, LLC (ILM) as their tenant's representative.
On the Map
Office
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Winter Park Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93