Hawksbay LLC Acquires 27.14 Acres Industrial Property In North Jacksonville For $50.8M
SOLD
$50,832,000
Florida
See Similar DealsIndustrial552,720 SF
Sold 09/16/2021
SOLD
Hawksbay LLC Acquires 27.14 Acres Industrial Property In North Jacksonville For $50.8M
10501 Cold Storage Road, Jacksonville, FL, USA
See Similar DealsIndustrial552,720 SF
Sold 09/16/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:552,720 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,711,040.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$180,595.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$240,969.61
Annual Debt Service$2,891,635.36
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