All Southern Fireworks LLC Acquires Industrial Building In Green Cove Springs For $4.5 Million
3525 Enterprise Way
$4,500,000
$88/SF
Building Size
51,000 SF
Asset Type
Industrial
Closing
Oct 29, 2024
AI
All Southern Fireworks LLC purchased an industrial property located at 3525 Enterprise Way in Green Cove Springs. The asset encompasses 4.5 acres and includes a total space of 51,000 square feet, sold for a price of $4,500,000, which equates to a price per square foot of $88.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 3525 Enterprise Way
- Market: Green Cove Springs
- Square Footage: 51,000
- Price Per Square Foot: $88
- Buyer: All Southern Fireworks LLC
- Seller: Ashley Ward
The transaction was facilitated by Marcus & Millichap, with the brokerage team including Edward Duke III, Gina Allegrini, Peter Catanzaro, and Will Harding. Will Harding was responsible for marketing the property, while Edward Duke III, Peter Catanzaro, and Gina Allegrini represented the buyer in the deal.
Players
Green Cove Springs 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93