Jacob Mutz Of LCP Maine Acquires Industrial Property From Steven P. McTaggart For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsIndustrial51,739 SF
Sold 08/14/2025
SOLD
Jacob Mutz Of LCP Maine Acquires Industrial Property From Steven P. McTaggart For $3.6M
2910 Maine Avenue
See Similar DealsIndustrial51,739 SF
Sold 08/14/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$69
Total Square Footage:51,739 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 2910 Maine Avenue in Lakeland. It was sold for a price of $3,600,000, covering a total area of 51,739 square feet, resulting in a price per square foot of $69.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Buyer: Jacob Mutz - LCP Maine
- Seller: Steven P. McTaggart - DSZ Group
- Brokers: Brendan Schneier - The Hype Real Estate Group
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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