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
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