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2100 Jo Drive

TradeLane Properties Acquires Industrial Property In Desoto From Seller Seefried Industrial Properties And Affinius Capital
SOLDIndustrial

TradeLane Properties Acquires Industrial Property In Desoto From Seller Seefried Industrial Properties And Affinius Capital

2100 Jo Drive

Building Size

489,310 SF

Asset Type

Industrial

Closing

Oct 25, 2023

AI

The industrial property located at 2100 Jo Drive in Desoto has been recently sold. The property spans an impressive size of 489,310 square feet and sits on a spacious 34-acre lot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2100 Jo Drive
  • Market: Desoto
  • Size: 489,310 square feet
  • Lot Size: 34 acres

The buyer of the property is TradeLane Properties, represented by Neil P. Doyle. On the other hand, the sellers are Seefried Industrial Properties, led by Ferdinand Seefried, and Affinius Capital, represented by Len O'Donnell.

JLL played a pivotal role in facilitating the transaction, with brokers Keenan Ryan, Matthew Barge, Parker McCormack, Pauli Kerr, Trent Agnew, and Tom Weber representing the various parties involved.

Players

Trent Agnew

JLL

Broker

$486M

vol

64 deals

Broker
Neil P. Doyle

Neil P. Doyle

TradeLane Properties

Buyer

$186.4M

vol

9 deals

Buyer

Desoto 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93