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300 Ave P SW Winter Haven, ...

Jacobs Real Estate Advisors Acquires Industrial Asset In Winter Haven, FL For $4.25M
SOLDIndustrial

Jacobs Real Estate Advisors Acquires Industrial Asset In Winter Haven, FL For $4.25M

300 Ave P SW Winter Haven, FL 33880, USA

$4,250,000

$70/SF

Building Size

60,390 SF

Asset Type

Industrial

Closing

Jul 3, 2023

AI

The industrial property located at 300 Avenue P Southwest in Winter Haven, FL was recently sold in an off-market transaction. The property spans a total area of 60,390 square feet and was sold for a price of $4,250,000, resulting in a price per square foot of $70.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,250,000
  • Address: 300 Avenue P Southwest, Winter Haven, FL
  • Market: Winter Haven, FL

Jacobs Real Estate Advisors acted as the buyer in this transaction, represented by Sholom Jacobs from the same company. The seller, Friedland Family, was represented by Marc Smouha and David Warren from KSR. It is worth noting that this property is occupied by a credit tenant.

For any similar opportunities, interested parties can reach out to David Warren at [email protected] or Marc Smouha at [email protected].

Players

Marc D. Smouha

Corepoint RE

Broker

$291M

vol

38 deals

Broker
RA
Ram Real Estate AdvisorsBuyer

Miami 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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93