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3525 Enterprise Way

All Southern Fireworks LLC Acquires Industrial Building In Green Cove Springs For $4.5 Million
SOLDIndustrial

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

Peter Catanzaro

Marcus & Millichap

Broker

$14.9M

vol

3 deals

Broker

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