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

Property Image
SOLD
$4,500,000
Peter Catanzaro
Edward "Tripp" Duke III
+ 1

Florida

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Industrial51,000 SF
Sold 10/29/2024
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Property Image
SOLD

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

3525 Enterprise Way

See Similar Deals
Industrial51,000 SF
Sold 10/29/2024
Peter Catanzaro
Edward "Tripp" Duke III
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:51,000 SF
Transaction Type:Sale

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
3 deals$14.9M volume
BROKER

Edward "Tripp" Duke III
Marcus & Millichap
3 deals$14.9M volume(904) 672-1422
BROKER

Will Harding
Marcus & Millichap
3 deals$19.8M volume
BROKER

Gina Allegrini
Marcus & Millichap
1 deal$4.5M volume(904) 672-1431
BROKER

Details

SOLD
IMAGE: Gina Allegrini, Will Harding, Peter Catanzaro & Edward Duke III DATE: 10/29/2024 ADDRESS: 3525 Enterprise Way MARKET: Green Cove Springs ASSET TYPE: Industrial ~ ACRES: 4.5 BUYER: All Southern Fireworks LLC SELLER: Ashley Ward BROKERS: Edward Duke III, Gina Allegrini, Peter Catanzaro & Will Harding - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,500,000 SF: 51,000 ~ PPSF: $88 NOTE: All Southern Fireworks LLC bought a 51,000-square-foot industrial building at 3525 Enterprise Way in Green Cove Springs for $4.5 million on Oct. 29. Marcus & Millichap brokered the sale for seller Ashley Ward, with Will Harding marketing and Edward F. Duke III, Peter Catanzaro, and Gina Allegrini representing the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55