Updated Oct 28, 2024
Stephen Gorodetsky And Moshe Popack Of Whalley Capital Group And YMP Real Estate Acquire Industrial Property In Jacksonville, FL For $9M
201 Busch Drive, Jacksonville, Florida 32218, United States
$9,000,000
$65/SF
Building Size
138,000 SF
Asset Type
Industrial
Closing
Dec 31, 2021
About this deal
AI
The industrial property located at 201 Busch Dr. in Jacksonville, FL has been sold in a closed transaction. The sale was facilitated by Stephen Gorodetsky of Whalley Capital Group and Moshe Popack of YMP Real Estate, representing the buyers. The sellers were New Mill Capital.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $9,000,000
- Square Footage: 138,000
- Price Per Square Foot: $65
- Date of Sale: 12/31/2021
- Market: Jacksonville, FL
The buyers of the property were represented by Stephen Gorodetsky of Whalley Capital Group and Moshe Popack of YMP Real Estate. The sale price for the property was $9,000,000, and it spans a total area of 138,000 square feet, resulting in a price per square foot of $65. The transaction took place on December 31, 2021, in the market of Jacksonville, FL. The sellers in this deal were New Mill Capital.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93