Updated Feb 5, 2025
STRO Companies Acquires Industrial Property In Largo From Cousin Corp. For $9.27M
12333 Enterprise Blvd Largo, FL 33773, USA
$9,270,000
$89/SF
Building Size
103,494 SF
Asset Type
Industrial
Closing
Aug 18, 2023
About this deal
AI
STRO Companies has expanded its presence in Florida's industrial real estate market with the purchase of a warehouse property in Largo. The 103,494-square-foot complex, located at 12333 Enterprise Boulevard, was acquired from Cousin Corp. of America for a total price of $9.27 million. This transaction marks a significant investment for STRO Companies in the industrial sector.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,270,000
- Square Footage: 103,494
- Price per Square Foot: $90
- Address: 12333 Enterprise Boulevard, Largo
- Market: Largo
Steven Millstein, representing STRO Companies, successfully negotiated the purchase of the warehouse property from Cousin Corp. of America. This acquisition serves as a strategic move by STRO Companies to establish a foothold in Florida's industrial real estate market. With this expansion, STRO Companies aims to leverage the potential opportunities offered by the growing demand in the industrial sector in the region.
On the Map
$9,270,000
$89/SF
Industrial
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Players
Oceanside 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93