Updated Oct 29, 2024
Green Cove Springs Distribution Center LLC Acquires Industrial Property In Green Cove Springs For $40.6M
Calavo Growers, 4627 J P Hall Blvd, Green Cove Springs, FL, USA
$40,620,000
$51/SF
Building Size
782,025 SF
Asset Type
Industrial
Closing
Mar 22, 2021
About this deal
AI
The Green Cove Springs Distribution Center LLC has acquired an industrial property located at 4627 JP Hall Blvd in Green Cove Springs. The transaction, which took place on March 23, 2021, involved Capital Solutions as the seller. The property, spanning 782,025 square feet, was sold at a price of $40,620,000, resulting in a price per square foot of $52. The transaction highlights the demand for industrial assets in the Green Cove Springs market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $40,620,000
- Address: 4627 JP Hall Blvd
- Market: Green Cove Springs
The sale of the industrial property was facilitated by brokers from Cushman & Wakefield, namely Mike Davis, Rick Brugge, Rick Colon, Karl Johnston, and Dominic Montazemi. Their expertise and representation played a crucial role in ensuring a successful transaction for both the buyer and seller.
On the Map
$40,620,000
$51/SF
Industrial
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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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93