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1934 Beaver Street

Updated Dec 4, 2024

STRO Companies & KRE Group Acquire 32.7K SF Warehouse In Jacksonville For $3.5M
SOLDIndustrial

STRO Companies & KRE Group Acquire 32.7K SF Warehouse In Jacksonville For $3.5M

1934 Beaver Street

$3,500,000

$107/SF

Building Size

32,700 SF

Asset Type

Industrial

Closing

Sep 20, 2023

About this deal

AI

The STRO Companies and KRE Group have acquired a 32,700-square-foot single-tenant warehouse on 3.2 acres at 1934 West Beaver St. in Jacksonville, Florida, for $3.5 million. The property features five loading docks, two oversized drive-in doors, and a secured storage yard, making it an efficient distribution facility for Northern Florida.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Address: 1934 West Beaver Street, Jacksonville, Florida
  • Market: Jacksonville
  • Square Footage: 32,700 SF
  • Price Per Square Foot: $107

The sale was facilitated by Kevin Bramhall from The STRO Companies and Jonathan Kushner from KRE Group. The acquisition of this warehouse will serve as an efficient distribution facility for Northern Florida, thanks to its features including the loading docks, drive-in doors, and secured storage yard.

Players

Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $107 per square foot on a published $3.5M for 32,700 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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