Alex Redfearn Of Redfearn Capital Purchases Industrial Asset From Brookfield For $27.175M In Jacksonville
12751 Gran Bay Parkway
$27,175,000
$74/SF
Building Size
363,000 SF
Asset Type
Industrial
Closing
Aug 15, 2024
AI
The industrial property located at 12751 Gran Bay Parkway in Jacksonville was sold for $27,175,000. This asset spans 363,000 square feet, resulting in a price per square foot of $74.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,175,000
- Address: 12751 Gran Bay Parkway
- Market: Jacksonville
- Square Footage: 363,000
- Price per Square Foot: $74
- Buyer: Alex Redfearn - Redfearn Capital
- Seller: Brookfield
- Broker: Jack Allred - Eastdil Secured
Key individuals in this transaction include Alex Redfearn representing Redfearn Capital as the buyer, and Jack Allred from Eastdil Secured serving as the broker for the transaction. The seller of the property was Brookfield.
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93