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Massy Distribution Acquires Industrial Property In Jacksonville For $24.5M

Property Image
SOLD
$24,500,000
Camden Padgett
Jason J. Purdy

Florida

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Industrial170,240 SF
Sold 10/18/2023
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Property Image
SOLD

Massy Distribution Acquires Industrial Property In Jacksonville For $24.5M

Industrial170,240 SF
Sold 10/18/2023
Camden Padgett
Jason J. Purdy
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$143
Total Square Footage:170,240 SF
Transaction Type:Sale

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

Jason J. Purdy
NAI Global
Jason J. Purdy
3 deals$38.5M volume
BROKER
Camden Padgett
NAI Global
Camden Padgett
2 deals$30.2M volume
BROKER

Details

SOLD
IMAGE: Camden Padgett & Jason J. Purdy DATE: 10/18/2023 ADDRESS: 10775 Yeager Road MARKET: Jacksonville ASSET TYPE: Industrial BUYER: Massy Distribution BROKERS: Camden Padgett & Jason J. Purdy - NAI Capital (@NAICapital) SALE PRICE: $24,500,000 SF: 170,240 ~ PPSF: $144 NOTE: Massy Distribution, a global company, has purchased an industrial property in Imeson Industrial Park on the Northside for $24.5 million. The property at 10775 Yeager Road includes 170,240 square feet of warehouse space and 1,896 square feet of office space, offering a strategic location near JAX Airport, downtown, and Jaxport.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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