facebook
Traded Co logo
Submit

The Trust For Public Land Acquires 350 Acres Of Land In Black Hammock Island, Jacksonville For $8.2M

Property Image
SOLD
$8,190,000

Florida

See Similar Deals
Sold 07/21/2022
the dealplayerscompscontact
Property Image
SOLD

The Trust For Public Land Acquires 350 Acres Of Land In Black Hammock Island, Jacksonville For $8.2M

350+/- Acres Sawpit Rd, Jacksonville, FL, 32226

See Similar Deals
Sold 07/21/2022
Contact now

Summary

FLORIDA
Transaction Type:Sale

The Trust for Public Land has acquired a 350-acre parcel of land located at 350 Acres Sawpit Rd in Black Hammock Island, North Jacksonville. The property was sold by The George Ogilvie Family Trust, with George Ogilvie serving as the seller. The transaction was facilitated by Logan Holz of Land Advisors Organization, who represented the buyer.

Summary of transaction details

  • Property Type: Land
  • Address: 350 Acres Sawpit Rd
  • Market: Black Hammock Island, North Jacksonville
  • Buyer: The Trust for Public Land
  • Seller: The George Ogilvie Family Trust - George Ogilvie
  • Broker: Logan Holz - Land Advisors Organization
  • Sale Price: $8,190,000

The sale of the 350-acre land parcel marks a significant transaction in the Black Hammock Island market. The Trust for Public Land's acquisition demonstrates their commitment to preserving and protecting land for public use. With Logan Holz representing the buyer, the deal was successfully negotiated and closed on 21st July 2022.

Players

Logan Holz
1 deal$8.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: Logan Holz DATE: 07/21/2022 ADDRESS: 350 Acres Sawpit Rd MARKET: Black Hammock Island, North Jacksonville ASSET TYPE: Land ~ ACRES: 350 BUYER: The Trust for Public Land SELLER: The George Ogilvie Family Trust - George Ogilvie BROKER: Logan Holz - Land Advisors Organization (@LAOCares) SALE PRICE: $8,190,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$436,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,097.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,824.78
Annual Debt Service$465,897.34