Updated Jul 13, 2026
SOLDIndustrial
INDUS Realty Acquires Industrial Asset From VanTrust Real Estate For $62.85M In Jacksonville
1511 Zoo Parkway
$62,850,000
$114/SF
Building Size
550,243 SF
Asset Type
Industrial
Closing
Jul 5, 2024
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $62,850,000
- Address: 1511 Zoo Parkway
- Market: Jacksonville
- Square Footage: 550,243
- Price Per Square Foot: $114
- Buyer: INDUS Realty
- Seller: VanTrust Real Estate
- Seller's Representatives: John Huguenard, Luis Castillo, Cody Brais & Taylor Osborne - JLL
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.
On the Map
$62,850,000
$114/SF
Industrial
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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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93