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Bayonet Plumbing Acquires Office Building In New Port Richey For $2.75M

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SOLD
$2,750,000

Florida

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Office30,731 SF
Sold 10/09/2023
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SOLD

Bayonet Plumbing Acquires Office Building In New Port Richey For $2.75M

5652 Meadowlane Street

See Similar Deals
Office30,731 SF
Sold 10/09/2023
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$89
Total Square Footage:30,731 SF
Transaction Type:Sale

Bayonet Plumbing, Heating & Air Conditioning, represented by Robbie Blankenship, has purchased a 30,731 sq ft office building located at 5652 Meadowlane Street in New Port Richey. The property was acquired for a total sale price of $2.75 million. This transaction allowed Bayonet Plumbing to consolidate its operations from four previous locations. The seller in this deal was the Doyle Farm Family Limited Partnership.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,750,000
  • Address: 5652 Meadowlane Street
  • Market: New Port Richey
  • Buyer: Bayonet Plumbing, Heating & Air Conditioning (Represented by Robbie Blankenship)
  • Seller: Doyle Farm Family Limited Partnership
  • Broker: Heidi Tuttle-Beisner (CAP Realty)
  • Square Footage: 30,731
  • Price Per Square Foot: $89

This transaction not only signifies Bayonet Plumbing's growth and expansion but also demonstrates the strategic decision to streamline its operations by consolidating its locations into one central office building. By acquiring this property, Bayonet Plumbing will now have a dedicated space to carry out its plumbing, heating, and air conditioning services in New Port Richey.

Players

Heidi Tuttle-Beisner
2 deals$7.2M volume(727) 992-1674
BROKER

Details

SOLD
IMAGE: Heidi Tuttle-Beisner DATE: 10/09/2023 ADDRESS: 5652 Meadowlane Street MARKET: New Port Richey ASSET TYPE: Office BUYER: Bayonet Plumbing, Heating & Air Conditioning (@BayonetPlumbingAC) - Robbie Blankenship SELLER: Doyle Farm Family Limited Partnership BROKER: Heidi Tuttle-Beisner - CAP Realty (@CAPRealty) SALE PRICE: $2,750,000 SF: 30,731 ~ PPSF: $89 NOTE: Bayonet Plumbing, Heating & Air Conditioning bought a 30,731 sq ft office building in New Port Richey for $2.75 million, consolidating four previous locations. The seller was the Doyle Farm Family Limited Partnership.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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