Updated Oct 16, 2025
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
About this deal
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.
The industrial sale at 2004 Jaffa Drive, Saint Cloud, Florida 34771, United States in Saint Cloud, Florida sold for $11.1M in 2022. The building is 63,199 square feet, implying about 174 per square foot on the published price. Cody Brais, Luis Castillo, JLL, Hanover Capital appear on the sale alongside JLL, Hanover Capital. This page is the Saint Cloud, Florida file for the 2004 Jaffa Drive, Saint Cloud, Florida 34771, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Saint Cloud sit in the Market section below. Filter that Saint Cloud industrial set by closing date to see what else sold near 2004 Jaffa Drive, Saint Cloud, Florida 34771, United States around 2022. Published consideration for 2004 Jaffa Drive, Saint Cloud, Florida 34771, United States is $11.1M, dated 2022. Cite this Hanover Capital Partners Acquires St. Cloud Industrial Property For $11.05M sale when underwriting similar industrial product around Saint Cloud, Florida.
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