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
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.
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