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
$8,190,000
Building Size
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Asset Type
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Closing
Jul 20, 2022
AI
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
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.94%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93