Hanover Capital Partners Acquires St. Cloud Industrial Property For $11.05M
2004 Jaffa Drive, Saint Cloud, Florida 34771, United States
$11,050,000
$174/SF
Building Size
63,199 SF
Asset Type
Industrial
Closing
Apr 27, 2022
AI
The industrial property located at 2004 – 2008 & 2012-2014 Jaffa Dr in St. Cloud has been sold. The transaction took place on April 28, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,050,000
- Square Footage: 63,199
- Price per Square Foot: $175
- Market: St. Cloud
The buyer of the property was Hanover Capital Partners, while Bayshore Investment Partners acted as the seller. The sale was facilitated by the brokers Luis Castillo & Cody Brais from JLL.
Players
Saint Cloud 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93