Updated Dec 4, 2024
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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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