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60 Copeland St Jacksonville...

Updated Oct 29, 2024

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

About this deal

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.

On the Map

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$1,600,000

$32/SF

Industrial

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Players

BP
Bamboo Equity PartnersBuyer
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Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $32 per square foot on a published $1.6M for 49,867 square feet (2023).

Browse Florida industrial sales on Traded.

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

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