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12751 Gran Bay Parkway

Alex Redfearn Of Redfearn Capital Purchases Industrial Asset From Brookfield For $27.175M In Jacksonville
SOLDIndustrial

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

Jack Allred

Eastdil Secured

Broker

$27.2M

vol

1 deal

Broker

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