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12333 Enterprise Boulevard

The STRO Companies And KRE Group Lease 12333 Enterprise Boulevard To SMP Nutra
LEASEDIndustrial

The STRO Companies And KRE Group Lease 12333 Enterprise Boulevard To SMP Nutra

12333 Enterprise Boulevard

$12

$12/SF

Building Size

103,500 SF

Asset Type

Industrial

Closing

Jun 24, 2024

AI

12333 Enterprise Boulevard is an industrial asset located in Largo, comprising a single-tenant warehouse with a total area of 103,500 square feet situated on 6 acres of land. The property features 25-36 foot ceiling heights, nine loading docks, and is designed with Class A construction standards. The asking rent is $12 per square foot.

Summary of transaction details:

Elliot Ferris, Senior Director of Leasing and Acquisitions for The STRO Companies, noted the partnership's ability to structure a quick transaction before the building was vacant, securing a growing tenant, SMP Nutra, which can effectively utilize the building for its future growth needs. This collaboration involved Deron Thomas, Tyler Thomas, and Kyle Harris representing the landlord, while the tenant was represented by Peter Cecora, John Dunphy, and Olivia Brock of JLL.

Players

John Dunphy

JLL

Broker

$66.1M

vol

7 deals

Broker

Largo Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93