SOLDIndustrial
Weston Distribution Center Acquires Industrial Land In Stuart For $1M
8002 Southwest Jack James Drive, Stuart, Florida 34997, United States
$1,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 9, 2022
AI
Located in Stuart, the industrial land at 8002 S.W. Jack James Dr has been sold for $1,000,000. Spanning an area of 13.65 acres, this property is a valuable asset in the market.
Summary of transaction details
- Property Type: Industrial Land
- Transaction Amount: $1,000,000
- Date: 10/10/2022
- Address: 8002 S.W. Jack James Dr
- Market: Stuart
- Buyer: Weston Distribution Center, LLC
- Seller: Kanner Commerce Center, LLC
Evan P. Kristol, Felipe J. Echarte, and Nicholas McAndrew from Marcus & Millichap represented the buyer and seller in this deal.
Players
Stuart Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93