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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 12333 Enterprise Boulevard
- Market: Largo
- Landlord: The STRO Companies & KRE Group
- Tenant: SMP Nutra
- Landlord's Representatives: Deron Thomas & Tyler Thomas - Industrial Realty Solutions Inc; Elliot Ferris - The Stro Companies
- Tenant's Representatives: Peter Cecora, John Dunphy & Olivia Brock - JLL
- Note: A partnership between The STRO Companies and KRE Group announced a full building lease with Supplement Manufacturing Partners, retaining Industrial Real Estate Solutions for representation.
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
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