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5807 24th St E, Bradenton, ...

MDH Partners Acquires Property At 5807 24th St E Bradenton With Buyer's Rep Joe DeHaven
SOLDIndustrial

MDH Partners Acquires Property At 5807 24th St E Bradenton With Buyer's Rep Joe DeHaven

5807 24th St E, Bradenton, FL, 34203

Building Size

208,000 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

MDH Partners has acquired 301 Corporate Center, a two-building industrial property located at 5807 24th St E, Bradenton, FL, 34203. The property spans 208,000 square feet and is situated on 16 acres. Built in 2022, it features two buildings of 104,000 square feet each. The amenities include ESFR sprinkler systems, clear heights of 32 feet, 30 exterior dock doors, 375 parking spaces, and access to a 175-foot shared truck court. The property is conveniently located near major transport routes, including Tampa International Airport and Interstates 75 and 275.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 5807 24th St E, Bradenton, FL, 34203
  • Market: Bradenton
  • Square Footage: 208,000
  • Buyer's Representative: Joe DeHaven
  • Seller's Representative: John Dunphy-JLL
  • Buyer: MDH Partners
  • Seller: Peak Development

Joe DeHaven played a key role as the acquisition lead for MDH Partners, while John Dunphy of JLL represented the seller and developer in this transaction. JLL will also be responsible for the leasing and property management of the acquired property.

Players

John Dunphy

JLL

Broker

$66.1M

vol

7 deals

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersBuyer

Bradenton 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93