JAMC Capital LLC Acquires Industrial Property In Jacksonville For $11.8M
10255 Fortune Parkway, Jacksonville, Florida 32256, United States
$11,800,000
$163/SF
Building Size
72,000 SF
Asset Type
Industrial
Closing
Dec 20, 2021
AI
An industrial property located at 10255 Fortune Parkway in Jacksonville was recently sold in a closed transaction. The property spans a total area of 72,000 square feet and was sold for a price of $11,800,000, resulting in a price per square foot of $164. The transaction took place on December 21, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,800,000
- Address: 10255 Fortune Parkway, Jacksonville
- Market: Jacksonville
The buyer of the property was JAMC Capital LLC, while the property was sold by Graham & Company, with Matthew Graham representing the company. The transaction was facilitated by CBRE, with the following brokers involved: Mike Harrell, Gary Marcy, Mike Bogle, and Ben Stewart.
Players
Jacksonville 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93