Updated Dec 4, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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