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15486 US-301 Dade City, FL ...

BB Capital Acquires Industrial Property In Dade City For $42.25M
SOLDIndustrial

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

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.

Players

Saxon Evans

Citrus Capital Advisors

Broker

$108.5M

vol

3 deals

Broker
BC
BB CapitalBuyer
JP
JDR PropertiesSeller

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