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
Jacksonville 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93