Builders FirstSource Acquires 9.88-Acre Industrial Site In Manatee County For $13.75M
7110 21st St E Sarasota, Fl 34243, Usa
$13,750,000
$105/SF
Building Size
130,877 SF
Asset Type
Industrial
Closing
Jun 23, 2023
AI
Builders FirstSource has purchased a 9.88-acre industrial site located at 7110 21st Street in Sarasota, Florida. The property was sold by Rodney Dessberg for a total price of $13,750,000. This acquisition will allow Builders FirstSource, a Texas-based building supply company, to expand their operations and establish a distribution center in the area.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,750,000
- Square Footage: 130,877 SF
- Price per Square Foot: $105
- Address: 7110 21st Street, Sarasota, Florida
- Market: Sarasota
- Buyer: Builders FirstSource - Dave Rush
- Seller: Rodney Dessberg
- Broker: Harry E. Robbins Associates
The purchase of the industrial site by Builders FirstSource signifies their intention to expand operations and establish a distribution center in Manatee County, Florida. This strategic move will likely contribute to the growth and development of the company in the region, benefiting both Builders FirstSource and the local economy.
Players
Miami 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93