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3102 Shelby Industrial Drive⁠

Realty Income Corp Acquires Industrial Property In Apopka For $71.4M
SOLDIndustrial

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

Luis Castillo

JLL

Broker

$2.1B

vol

55 deals

Broker
RC
Realty Income CorpBuyer

Sidney Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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