Updated Dec 21, 2023
The Geneva Group And The Genet Property Group Acquire Industrial Property In Kissimmee, FL For $6.4M
2420-2450 Smith Street
Building Size
105,380 SF
Asset Type
Industrial
Closing
Sep 20, 2022
About this deal
AI
The industrial property located at 2420-2450 Smith Street in Kissimmee, FL has been acquired in a closed transaction. The property spans a total of 105,000 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Market: Kissimmee, FL
Jared Elmar of The Geneva Group and Ben Genet of The Genet Property Group acted as the landlords in this transaction. They facilitated the acquisition of the industrial property.
Eric Trombly, representing Black Bear Capital Partners, served as the broker for this deal.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
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