Updated Dec 4, 2024
Industrial Site At 380 US Route 17 Sold In Palatka For $2.9M
380 US Route 17
$2,900,000
Building Size
—
Asset Type
Development Site
Closing
Apr 11, 2024
About this deal
AI
A 20-acre development site located at 380 US Route 17 in Palatka has been sold for $2,900,000. The property is already zoned for industrial use and is strategically positioned on a main corridor in Northeast Florida. Its attractiveness is further amplified by its proximity to Gainesville and Jacksonville, as well as its adjacency to key industrial facilities and transportation infrastructure.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,900,000
- Address: 380 US Route 17
- Market: Palatka
- Brokers: Amanda Arnett Edwards & Jena Baker-Dennis - Great Expectations Realty
The sale of this 20-acre industrial property at 380 US Route 17 in Palatka will pave the way for a future industrial operation. The site's desirability stems from its convenient location in Northeast Florida, its close proximity to major cities like Gainesville and Jacksonville, and its strategic positioning near essential industrial facilities and transportation networks.
Players
Palatka Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Palatka development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93