Updated Oct 29, 2024
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
$1,600,000
$32/SF
Industrial
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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