Updated Oct 12, 2026
Hugo Jimenez Purchases Industrial Asset At 2297 Lake Avenue Southeast For $4.31M With Representation From Jordan Beck And Doug Mandel
2297 Lake Avenue Southeast
$4,310,000
$133/SF
Building Size
32,415 SF
Asset Type
Industrial
Closing
Jul 1, 2025
About this deal
AI
The industrial asset located at 2297 Lake Avenue Southeast in Largo was sold for $4,310,000. It comprises a total area of 32,415 square feet, leading to a per square foot price of $132.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,310,000
- Buyer: Hugo Jimenez
- Seller: Jarred Elmar - Geneva Group
- Buyer's Representative: Jordan Beck - Berger Commercial Realty
- Seller's Representative: Doug Mandel - Marcus & Millichap
This transaction highlights the roles of the individuals involved, with Jordan Beck representing the buyer and Doug Mandel acting on behalf of the seller, facilitating the deal between these parties.
On the Map
$4,310,000
$133/SF
Industrial
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Players
Largo 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
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93