HTB Cabinet Inc Acquires 456 Acres Of Industrial Land In Interlachen For $3.9M
561 Keuka Road
$3,900,000
Building Size
—
Asset Type
Land
Closing
Apr 14, 2023
About this deal
AI
A 450-acre industrial land parcel located in Putnam County, Florida has been sold for $3.9 million to cabinet manufacturer HTB Cabinet Inc. The property, situated at 561 Keuka Road in Interlachen, features numerous buildings, a runway, airplane hangars, a barn dominium, and three studio cabins. With its Heavy Industrial, Mining, R-2, and Agricultural zoning, the site is well-suited for HTB's distribution center. Additionally, the property benefits from its proximity to a CSX rail line, offering the potential for a spur.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,900,000
- Date: 04/14/2023
- Market: Interlachen
- Address: 561 Keuka Road
- Asset Type: Land
- ACRES: 456
The transaction was facilitated by Jena Baker-Dennis and Amanda Arnett Edwards of Great Expectations Realty, representing the buyer and seller respectively. Their expertise in the field of real estate played a crucial role in successfully closing this deal for HTB Cabinet Inc and Keuka Farms LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93