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Publix Super Markets Acquires 10.6 Acre Industrial Property In Saint Johns For $27.75M

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SOLD
$27,750,000

Florida

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Industrial168,000 SF
Sold 01/10/2024
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SOLD

Publix Super Markets Acquires 10.6 Acre Industrial Property In Saint Johns For $27.75M

200 Accolade Avenue

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Industrial168,000 SF
Sold 01/10/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:168,000 SF
Transaction Type:Sale

Publix Super Markets Inc has acquired a 168,000 sq ft warehouse in St. Johns, Fla., for $27.75 million. The property, located at 200 Accolade Ave., spans 10.6 acres and is approximately 25 miles southeast of Jacksonville, Fla.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $27,750,000
  • Square Footage: 168,000 sq ft
  • Address: 200 Accolade Ave
  • Market: Saint Johns

The seller, Scannell Properties, facilitated the deal between Publix Super Markets Inc and Bob Scannell. Publix Super Markets Inc was represented by Todd Jones from Publix Super Markets Inc. This acquisition further extends Publix Super Markets' presence in the St. Johns area.

Players

6 deals$171.9M volume
BUYER

Scannell Properties
SELLER

Details

SOLD
IMAGE: Bob Scannell & Todd Jones DATE: 01/10/2024 ADDRESS: 200 Accolade Avenue MARKET: Saint Johns ASSET TYPE: Industrial ~ ACRES: 10.6 BUYER: Todd Jones - Publix Super Markets Inc (@Publix) SELLER: Bob Scannell - Scannell Properties SALE PRICE: $27,750,000 SF: 168,000 ~ PPSF: $165 NOTE: Publix Super Markets purchased a 168,000 sq ft warehouse in St. Johns, Fla., for $27.75 million from developer Scannell Properties. The property, located at 200 Accolade Ave., spans 10.6 acres and is about 25 miles southeast of Jacksonville, Fla.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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