Massy Distribution Acquires Industrial Property In Jacksonville For $24.5M
$24,500,000
$143/SF
Building Size
170,240 SF
Asset Type
Industrial
Closing
Oct 18, 2023
AI
Massy Distribution, a global company, has purchased an industrial property in Imeson Industrial Park on the Northside of Jacksonville. The property, located at 10775 Yeager Road, consists of 170,240 square feet of warehouse space and 1,896 square feet of office space. The strategic location of the property provides convenient access to JAX Airport, downtown, and Jaxport.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $24,500,000
- Square footage: 170,240 SF
- Price per square foot: $144
- Address: 10775 Yeager Road
- Market: Jacksonville
Camden Padgett and Jason J. Purdy from NAI Capital represented Massy Distribution as the brokers in this deal.
Players
Market 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93