Lincoln Property Co. Acquires Industrial Portfolio In North Jacksonville For $91.3M
13845 Alvarez Road, Jacksonville, Florida 32218, United States
$91,320,000
Building Size
—
Asset Type
Industrial
Closing
Jun 6, 2022
AI
An industrial property located in North Jacksonville has been sold for a total price of $91,320,000. The property includes several addresses, including 13845, 13903, and 13949 Alvarez Road; 13525 and 13475 International Parkway; 1750 Airport Road; 1594 Transport Road; and 13500 E. Tradeport Circle. The transaction took place on 06/07/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $91,320,000
- Buyer: Lincoln Property Co. - Gary Kobus
- Seller: Link Logistics Real Estate LLC - Sonya Huffman
- Brokers: Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Brooke Tully, and Zachary Eicholtz - Cushman & Wakefield
The buyer of the property is Lincoln Property Co., represented by Gary Kobus, while the seller is Link Logistics Real Estate LLC, represented by Sonya Huffman. The deal was facilitated by brokers Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Brooke Tully, and Zachary Eicholtz from Cushman & Wakefield.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93