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INDUS Realty Acquires Industrial Asset From VanTrust Real Estate For $62.85M In Jacksonville

Property Image
SOLD
$62,850,000
Taylor Osborne
Cody Brais
John Huguenard
+ 1

Florida

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Industrial550,243 SF
Sold 07/05/2024
the dealplayerscompscontact
Property Image
SOLD

INDUS Realty Acquires Industrial Asset From VanTrust Real Estate For $62.85M In Jacksonville

1511 Zoo Parkway

See Similar Deals
Industrial550,243 SF
Sold 07/05/2024
Taylor Osborne
Cody Brais
John Huguenard
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:550,243 SF
Transaction Type:Sale

The property involved in this transaction is located at 1511 Zoo Parkway in Jacksonville and is classified as an industrial asset. The transaction closed at a sale price of $62,850,000, encompassing a total square footage of 550,243, which translates to a price per square foot of $114.

Summary of transaction details:

This transaction highlights the key roles played by the individuals involved, particularly the seller's representatives from JLL, which include John Huguenard, Luis Castillo, Cody Brais, and Taylor Osborne, orchestrating the deal on behalf of VanTrust Real Estate.

Players

Luis Castillo
JLL
Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER
John Huguenard
JLL
John Huguenard
23 deals$1.5B volume(239) 832-0160
BROKER
Cody Brais
JLL
Cody Brais
37 deals$1.7B volume
BROKER
Taylor Osborne
JLL
Taylor Osborne
16 deals$609.1M volume
BROKER

Details

SOLD
IMAGE: John Huguenard, Luis Castillo, Cody Brais & Taylor Osborne DATE: 07/05/2024 ADDRESS: 1511 Zoo Parkway MARKET: Jacksonville ASSET TYPE: Industrial BUYER: INDUS Realty SELLER: VanTrust Real Estate SELLER'S REP: John Huguenard (@John.Huguenard), Luis Castillo, Cody Brais (@Cody_Brais) & Taylor Osborne - JLL (@JLL) SALE PRICE: $62,850,000 SF: 550,243 ~ PPSF: $114

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,352,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$223,292.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$297,941.06
Annual Debt Service$3,575,292.77