Updated Dec 4, 2024
JD Warnack Woodlands Acquires Largo Distribution Center From Harrod Properties For $29.6M
8660 133rd Avenue North
$29,600,000
$185/SF
Building Size
159,402 SF
Asset Type
Industrial
Closing
Oct 23, 2023
About this deal
AI
A Largo distribution center has been sold for $29.6 million in a recent transaction. The industrial asset, located at 8660 133rd Avenue North, spans 159,402 square feet and is situated near Ulmerton Road and Starkey Road. Completed this year, the warehouse offers flexible tenant options and boasts convenient access to both St. Pete-Clearwater International Airport and Tampa International Airport.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $29,600,000
- Square Footage: 159,402 sq ft
- Address: 8660 133rd Avenue North
- Market: Largo
The buyer of the distribution center is JD Warnack Woodlands, a Colorado Springs-based developer. The seller of the property is Harrod Properties, with Chad Harrod serving as their representative in the transaction.
On the Map
$29,600,000
$185/SF
Industrial
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Players
Largo 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93