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8443 Baymeadows Road

Updated Dec 4, 2024

California-Based MSI Surfaces Acquires Baymeadows Warehouse In Jacksonville For $7.8M
SOLDIndustrial

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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Deal FAQ

About $102 per square foot on a published $7.8M for 76,099 square feet (2023).

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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

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