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
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