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500 Brooker Creek Blvd Olds...

JD Warmack Woodlands LP Acquires 130,000 SF Warehouse In Oldsmar For $22.3M From Harrod Properties
SOLDIndustrial

JD Warmack Woodlands LP Acquires 130,000 SF Warehouse In Oldsmar For $22.3M From Harrod Properties

500 Brooker Creek Blvd Oldsmar, FL 34677, USA

$22,300,000

$171/SF

Building Size

130,000 SF

Asset Type

Industrial

Closing

Aug 1, 2023

AI

A 130,000-square-foot warehouse located at 500 Brooker Creek Boulevard in Oldsmar has been sold for $22.3 million. The buyer, JD Warmack Woodlands LP, a Colorado Springs-based developer, acquired the industrial property from Harrod Properties. Situated on a sprawling 11-acre plot of land, the warehouse offers ample space for various industrial operations. With a price per square foot of $172, this transaction marks a significant investment in the Oldsmar market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,300,000
  • Address: 500 Brooker Creek Boulevard
  • Market: Oldsmar
  • Size: 130,000 square feet
  • Price per Square Foot: $172

The sale of this warehouse not only represents a substantial financial transaction but also highlights the involvement of key individuals and companies. JD Warmack Woodlands LP, the buyer in this deal, has demonstrated their commitment to expanding their real estate portfolio with this acquisition. Meanwhile, Harrod Properties, represented by Chad Harrod, acted as the seller's representative in this transaction. The successful sale of this property showcases the thriving real estate market in Oldsmar and the confidence investors have in its potential for growth and development.

Players

Chad Harrod

Harrod Properties

Seller

$74.6M

vol

3 deals

Seller

Miami 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93