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350+/- Acres Sawpit Rd, Jac...

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

$8,190,000

Building Size

Asset Type

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

Logan Holz

Land Advisors Organization

Broker

$8.2M

vol

1 deal

Broker
TL
The Trust for Public LandBuyer

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