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Basis Industrial Acquires Industrial Assets From Luke Colbert For $144.6 Million In Florida

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SOLD
$144,600,000

Georgia

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Industrial558,074 SF
Sold 03/31/2026
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Property Image
SOLD

Basis Industrial Acquires Industrial Assets From Luke Colbert For $144.6 Million In Florida

2825 Breckinridge Boulevard, 6200 Hazeltine National Drive & 12600 Challenger Parkway

See Similar Deals
Industrial558,074 SF
Sold 03/31/2026
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Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$259
Total Square Footage:558,074 SF
Transaction Type:Sale

The transaction involves the sale of industrial property located at 2825, 2875, 2885, 3005, 3025, 3055, 3075, 3300, 3350, 3305 & 3355 Breckinridge Boulevard, Lake Point Business Park, and 6200, 6220, 6250, 6280, 6300 & 6360 Hazeltine National Drive, Challenger South I & II, with the addresses of 12600 & 12612 Challenger Parkway. The market for this transaction is based in Duluth, GA, and Orlando, FL. The entire portfolio encapsulates 839,001 square feet, and the sale price is recorded at $144,600,000, equating to a price per square foot of $172.

Summary of transaction details:

The deal highlights the coordinated efforts of key individuals such as Mo Beler, Sean Dunne, and Andy Scott, who played important roles in facilitating this transaction. The involvement of Albany Road is specifically noted, representing the seller in the successful closure of this property deal.

Players

Anthony Scavo
44 deals$1.3B volume(718) 702-6739
BROKER

Luke Colbert
Albany Road Real Estate Partners
1 deal$144.6M volume(615) 928-4666
BROKER

Basis Industrial
BUYER

Luke Colbert
Albany Road Real Estate Partners
1 deal$144.6M volume
SELLER

Details

SOLD
IMAGE: Mo Beler, Anthony Scavo, Sean Dunne & Andy Scott DATE: 3/31/2026 ADDRESS: 2825, 2875, 2885, 3005, 3025, 3055, 3075, 3300, 3350, 3305 & 3355 Breckinridge Boulevard; Lake Point Business Park (Orlando, Florida) 6200, 6220, 6250, 6280, 6300 & 6360 Hazeltine National Drive; Challenger South I & II (Orlando, Florida) 12600 & 12612 Challenger Parkway MARKET: Duluth, GA & Orlando, FL ASSET TYPE: Industrial BUYER: Basis Industrial (@BasisIndustrial) SELLER: Luke Colbert - Albany Road BROKERS: Anthony Scavo (@AnthonyScavoJR) - Basis Industrial & Luke Colbert - Albany Road Real Estate Partners SALE PRICE: $144,600,000 SF: 839,001 ~ PPSF: $172

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,711,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$513,733.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$685,477.77
Annual Debt Service$8,225,733.26