Updated Dec 4, 2024
California-Based MSI Surfaces Acquires Baymeadows Warehouse In Jacksonville For $7.8M
8443 Baymeadows Road
$7,800,000
$102/SF
Building Size
76,099 SF
Asset Type
Industrial
Closing
Oct 23, 2023
About this deal
AI
A 4.6-acre industrial property located at 8443 Baymeadows Road in Jacksonville has been sold for $7.8 million. The property, consisting of a 76,099-square-foot warehouse, was purchased by California-based countertop and flooring company MSI Surfaces. The transaction represents a significant increase in value, as the property was previously bought by Baymeadows Owner LLC for $4 million in 2022.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Asset Size: 4.6 acres
- Square Footage: 76,099
- Address: 8443 Baymeadows Road
- Market: Jacksonville
The buyer, MSI Surfaces, is a leading supplier of quality surfaces for countertops and flooring. The seller, Baymeadows Owner LLC, facilitated the transaction.
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93