Updated Oct 28, 2024
Faropoint Acquires Industrial Property In Jacksonville From Murali Holdings For $8.3M
11660 Central Parkway, Jacksonville, Florida 32224, United States
$8,300,000
$126/SF
Building Size
65,806 SF
Asset Type
Industrial
Closing
Jan 3, 2022
About this deal
AI
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.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93