Realty Income Corp Acquires Industrial Property In Apopka For $71.4M
3102 Shelby Industrial Drive
$71,400,000
$246/SF
Building Size
289,839 SF
Asset Type
Industrial
Closing
Dec 1, 2020
AI
The industrial property located at 3102 Shelby Industrial Drive in Apopka has been sold in a recent transaction. The property, measuring 289,839 square feet, was purchased by Realty Income Corp for a price of $71,400,000, resulting in a price per square foot of $246. The sale took place on December 2, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $71,400,000
- Address: 3102 Shelby Industrial Drive
- Market: Apopka
The transaction was facilitated by JLL, represented by brokers John Huguenard, Sean Devaney, Julia Silva, Luis Castillo, Brian Walsh, and Keith Largay. The seller of the property was BlueScope Properties Group.
Players
Sidney Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93