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7110 21st St E Sarasota, Fl...

SOLDIndustrial

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

BF
Builders FirstSourceBuyer

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