10089 North Main St. LLC Acquires Industrial Property In Jacksonville For $12.76M
SOLD
$12,760,000
Florida
See Similar DealsIndustrial239,552 SF
Sold 03/31/2021
SOLD
10089 North Main St. LLC Acquires Industrial Property In Jacksonville For $12.76M
10089 North Main Street, Jacksonville, FL, USA
See Similar DealsIndustrial239,552 SF
Sold 03/31/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$53
Total Square Footage:239,552 SF
Transaction Type:Sale
10089 North Main Street in Jacksonville has been sold for a price of $12,760,000. This industrial property spans across 239,552 square feet, resulting in a price per square foot of $53. The transaction also includes 18.45 acres of land, valued at approximately $691,599 per acre.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,760,000
- Address: 10089 North Main Street, Jacksonville
- Market: Jacksonville
- Buyer: 10089 North Main St. LLC
- Seller: Becknell Properties - Dan Harrington
- Square Footage: 239,552
- Price per Square Foot: $53
- Acres: 18.45
- Price per Acre: $691,599
The buyer of 10089 North Main Street in Jacksonville is 10089 North Main St. LLC. The property was sold by Becknell Properties, represented by Dan Harrington.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$680,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,333.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,488.91
Annual Debt Service$725,866.92
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