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Ramin Kamfar Of Bluerock Real Estate Acquires Four Industrial Properties In Jacksonville For $28.33M

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SOLD
$28,330,000

Florida

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Industrial131,759 SF
Sold 12/04/2025
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SOLD

Ramin Kamfar Of Bluerock Real Estate Acquires Four Industrial Properties In Jacksonville For $28.33M

11732 Beach Boulevard

See Similar Deals
Industrial131,759 SF
Sold 12/04/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$215
Total Square Footage:131,759 SF
Transaction Type:Sale

The transaction involved four industrial/showroom properties located at 11732 Beach Boulevard, 11744 Beach Boulevard, 3484 Saland Way, and 3621 Beachwood Court in Jacksonville. The total sale price for these assets was $28,330,000, encompassing approximately 131,759 square feet of space across the four buildings, resulting in a price per square foot of $215. The overall acreage for the properties totals 11.77 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $28,330,000
  • Buyer: Ramin Kamfar - Bluerock Real Estate
  • Seller: Jeff Berryhill & David Burch - InLight Real Estate Partners
  • Square Footage: 131,759
  • Price per Square Foot: $215
  • Acreage: 11.77
  • Portfolio acquired by InLight in 2023 for $21,000,000

The deal was facilitated by Ramin Kamfar representing Bluerock Real Estate as the buyer, while Jeff Berryhill and David Burch represented InLight Real Estate Partners as the sellers. The properties sold include a notable 20,320-square-foot showroom identified as Woodsman Kitchen & Floors, located at 11732 Beach Blvd.

Players

BUYER

3 deals$87.2M volume
SELLER

Details

SOLD
IMAGE: Ramin Kamfar, Jeff Berryhill & David Burch DATE: 12/04/2025 ADDRESS: 11732 Beach Boulevard, 11744 Beach Boulevard, 3484 Saland Way & 3621 Beachwood Court MARKET: Jacksonville ASSET TYPE: Industrial ~ ACRES: 11.77 BUYER: Ramin Kamfar - Bluerock Real Estate SELLER: Jeff Berryhill & David Burch - InLight Real Estate Partners SALE PRICE: $28,330,000 SF: 131,759 ~ PPSF: $215 NOTE: InLight Real Estate Partners sold four industrial/showroom properties along Beach Blvd. in Jacksonville for $28.33M to Bluerock Real Estate, via BR Diversified Portfolio 7 DST and BR Diversified Portfolio 8 DST.The portfolio totals ~131,800 SF across four buildings—including the 20,320-SF Woodsman Kitchen & Floors showroom at 11732 Beach Blvd.—and was acquired by InLight in 2023 for $21M.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,510,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$100,650.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$134,298.65
Annual Debt Service$1,611,583.84