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200 Accolade Avenue

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

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

200 Accolade Avenue

$27,750,000

$165/SF

Building Size

168,000 SF

Asset Type

Industrial

Closing

Jan 10, 2024

AI

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

Todd Jones

Publix Super Markets

Buyer

$171.9M

vol

6 deals

Buyer
Scannell Properties
Scannell PropertiesSeller

Saint Johns 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93