Faropoint Acquires Industrial Property In Jacksonville From Murali Holdings For $8.3M

Faropoint has acquired an industrial property located at 11660 Central Parkway in Jacksonville. The property spans 65,806 square feet and was sold by Murali Holdings LLC for a total price of $8,300,000, resulting in a price per square foot of $126.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,300,000
• Address: 11660 Central Parkway, Jacksonville

The buyer, Faropoint, was represented by Daniel Burkhardt and Jason J. Purdy from NAI Hallmark, while the seller, Murali Holdings LLC, was represented by Eric Bumgarner from Colliers International Northeast Florida.