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3935 Inman Road

Rulon International Inc. Purchases 10 Acres Industrial Property In St. Augustine For $10.47M
SOLDIndustrial

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

Daniel Burkhardt

NAI Global

Broker

$72M

vol

11 deals

Broker

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