SOLDIndustrial
Jacob Mutz Of LCP Maine Acquires Industrial Property From Steven P. McTaggart For $3.6M
2910 Maine Avenue
$3,600,000
$69/SF
Building Size
51,739 SF
Asset Type
Industrial
Closing
Aug 13, 2025
AI
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
Lakeland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93