Rulon International Inc. Purchases 10 Acres Industrial Property In St. Augustine For $10.47M
3935 Inman Road
$10,467,500
$143/SF
Building Size
72,831 SF
Asset Type
Industrial
Closing
Jul 18, 2024
AI
3935 Inman Road is an industrial property located in St. Augustine, featuring a warehouse with a total area of 72,831 square feet situated on 10 acres of land. The property was sold for a price of $10,467,500, resulting in a price per square foot of $144.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,467,500
- Address: 3935 Inman Road
- Market: St. Augustine
- Square Footage: 72,831
- Acres: 10
- Price per Square Foot: $144
- Buyer: Rulon International Inc.
- Seller: Burkhardt Distributing Co. Inc.
- Broker: Daniel Burkhardt - NAI Hallmark
In this transaction, Rulon International Inc. served as the buyer while Burkhardt Distributing Co. Inc. was represented by Daniel Burkhardt of NAI Hallmark, facilitating the sale of the property.
Players
Saint Augustine 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
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93