Henry Steinberg Of EQT Real Estate Acquires Two Industrial Warehouses From Todd Platt For $132.43M
12200 Presidents Court & 2300 Pickettville Road
$132,430,000
$48/SF
Building Size
2,741,594 SF
Asset Type
Industrial
Closing
Oct 31, 2025
AI
Two industrial properties were sold in West Jacksonville, encompassing a total of 1,370,797 square feet, with a combined sale price of $132,430,000. The assets include a facility leased to Unilever located at 12200 Presidents Court, which spans 772,210 square feet and sold for $71,730,000, and a distribution center for Keurig Dr Pepper at 2300 Pickettville Road, covering 598,587 square feet, sold for $60,700,000. The market for these transactions is Jacksonville.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $132,430,000
- Buyer: Henry Steinberg - EQT Real Estate
- Seller: Todd Platt - Hillwood Investment Properties
- Total Square Footage: 1,370,797 SF
- Price per Square Foot: $97
The transaction features Henry Steinberg representing EQT Real Estate and Todd Platt representing Hillwood Investment Properties in the sale of the two warehouses. Henry Steinberg's firm is based in Radnor, Pennsylvania, while Todd Platt's firm is involved in investment properties across various markets.
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93