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13845 Alvarez Road, Jackson...

Lincoln Property Co. Acquires Industrial Portfolio In North Jacksonville For $91.3M
SOLDIndustrial

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

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Link Logistics Real Estate
Link Logistics Real EstateSeller

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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93