Updated Oct 29, 2024
BB Capital Acquires Industrial Property In Dade City For $42.25M
15486 US-301 Dade City, FL 33523, USA
$42,250,000
$39/SF
Building Size
1,070,000 SF
Asset Type
Industrial
Closing
Nov 30, 2022
About this deal
AI
An industrial property located at 15486 US-301 in Dade City has been sold for a price of $42,250,000. The property encompasses a total area of 1,070,000 square feet, resulting in a price per square foot of $39. The transaction took place on November 30, 2022.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $42,250,000
- Address: 15486 US-301, Dade City
- Market: Dade City
The buyer in this transaction is BB Capital, while the seller is JDR Properties. The deal was facilitated by brokers Lyman Phillips from Golden Lion Capital Investments and Nicholas O’Shea & Saxon Evans from Citrus Capital Corp.
On the Map
$42,250,000
$39/SF
Industrial
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Players
Dade City 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93