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60 Copeland St Jacksonville...

Bamboo Equity Partners Acquires Jacksonville Warehouse For $1.6M
SOLDIndustrial

Bamboo Equity Partners Acquires Jacksonville Warehouse For $1.6M

60 Copeland St Jacksonville, FL 32204, USA

$1,600,000

$32/SF

Building Size

49,867 SF

Asset Type

Industrial

Closing

Aug 14, 2023

AI

Bamboo Equity Partners, a St. Louis firm, has acquired a warehouse property located at 60 Copeland Street in Jacksonville. The purchase price for the 49,867-square-foot space was $1.6 million. Bamboo Equity Partners plans to renovate the building and transform it into a flexible industry facility. This acquisition aligns with their growing portfolio in Jacksonville, which already includes a business park and another warehouse.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,600,000
  • Square Footage: 49,867
  • Price per Square Foot: $32
  • Address: 60 Copeland Street, Jacksonville
  • Market: Jacksonville

Bamboo Equity Partners, led by Dan Dokovic, played a key role in this warehouse acquisition. Their expertise and experience in the Jacksonville market have contributed to their success and continued growth in the region. As a result of this transaction, Bamboo Equity Partners expands its presence and strengthens its commitment to the development of diverse and flexible industrial spaces in Jacksonville.

Players

BP
Bamboo Equity PartnersBuyer

Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93