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9450 Piper Rd, Punta Gorda,...

Equus Capital Partners Leases 75000 Square Feet To Dakota Premium Hardwoods In Punta Gorda
LEASEDIndustrial

Equus Capital Partners Leases 75000 Square Feet To Dakota Premium Hardwoods In Punta Gorda

9450 Piper Rd, Punta Gorda, FL, 33982

Building Size

75,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is a 75,000-square-foot industrial space located at 9450 Piper Road in Punta Gorda, Florida. This facility is situated within the Florida Gulf Coast Logistics Center, which encompasses a total of 378,000 square feet and is being developed in the Enterprise Charlotte Airport Park. The tenant for this space is Dakota Premium Hardwoods, a hardwood lumber and cabinet product supplier from Waco, Texas, who is set to utilize the warehouse and distribution area starting in September.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Address: 9450 Piper Rd, Punta Gorda, FL, 33982
  • Market: Punta Gorda
  • Landlord: Equus Capital Partners, Ltd
  • Tenant: Dakota Premium Hardwoods
  • Landlord's Representative: Danny "Dan" Miller, Daniel Miller-Rubicon
  • Tenant's Representative: Rian Smith - CBRE
  • Square Feet: 75,000

In this transaction, Danny "Dan" Miller from Colliers represented the landlord, Equus Capital Partners, Ltd., while Rian Smith from CBRE represented the tenant, Dakota Premium Hardwoods. The lease agreement signifies Dakota Premium Hardwoods' move to establish a distribution base in the region.

Players

Daniel Miller

Rubicon

Broker

$31.7M

vol

3 deals

Broker
JLL
JLLBrokerage
Equus Capital Partners
Equus Capital PartnersLandlord

Punta Gorda 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93