Updated Oct 28, 2024
Hawksbay LLC Acquires 27.14 Acres Industrial Property In North Jacksonville For $50.8M
10501 Cold Storage Road, Jacksonville, FL, USA
$50,832,000
$92/SF
Building Size
552,720 SF
Asset Type
Industrial
Closing
Sep 16, 2021
About this deal
AI
An industrial property located at 10501 Cold Storage Road in North Jacksonville has been sold in a recent transaction. The property spans an area of 27.14 acres and is categorized as an industrial asset.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $50,832,000
- Square Footage: 552,720
- Price per Square Foot: $92
- Date: 09/16/2021
- Market: North Jacksonville
The buyer of the property is David Miller, representing Hawksbay LLC. The seller in this transaction is VanTrust Real Estate. The deal was facilitated by brokers Guy & Seda Preston from Colliers International.
On the Map
$50,832,000
$92/SF
Industrial
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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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93