Updated Nov 9, 2026
East Capital Partners Acquires Industrial Portfolio In St. Cloud For $10.3 Million
1408 Hamlin Avenue
$10,300,000
$202/SF
Building Size
50,900 SF
Asset Type
Industrial
Closing
Nov 4, 2026
About this deal
AI
The transaction involved an industrial portfolio located at 1408-1424 Hamlin Avenue & 2013 Murcott Drive in the St. Cloud market. The sale price for the portfolio was $10,300,000, encompassing a total square footage of 50,900, which translates to a price per square foot of $202.
Summary of transation details:
- Property Type: Industrial Portfolio
- Transaction Amount: $10,300,000
- Address: 1408-1424 Hamlin Avenue & 2013 Murcott Drive
- Market: St. Cloud
- Square Footage: 50,900
- Price per Square Foot: $202
- Buyer: East Capital Partners
- Buyer's Representatives: Drew DeWitt, David Archibald & Nicholas Weyant
- Seller: Ultimate Realty & CenterSquare Investment Management
- Seller's Representative: David Warren - KSR
The deal featured representation from East Capital Partners by Drew DeWitt, David Archibald, and Nicholas Weyant. David Warren from KSR represented the sellers, Ultimate Realty & CenterSquare Investment Management, facilitating the transaction.
On the Map
$10,300,000
$202/SF
Industrial
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Players
Saint Cloud 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93