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2121 Huron Street

Phoenix Investors Acquires Former Anchor Glass Facility In Jacksonville For $20 Million
SOLDIndustrial

Phoenix Investors Acquires Former Anchor Glass Facility In Jacksonville For $20 Million

2121 Huron Street

$20,000,000

$33/SF

Building Size

600,000 SF

Asset Type

Industrial

Closing

Jul 16, 2025

AI

The property located at 2121 Huron Street in Jacksonville consists of 23.98 acres and is classified as an industrial asset. It was sold for $20 million, encompassing a total of 600,000 square feet, which results in a price per square foot of $33.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Address: 2121 Huron Street
  • Market: Jacksonville
  • Size: 600,000 SF
  • Price per Square Foot: $33
  • Buyer: Phoenix Investors
  • Seller: Anchor Glass Container Corporation

In this transaction, Phoenix Investors acquired the former Anchor Glass facility, which was operational until its closure in February 2025. The closure was announced in late 2024, resulting in the loss of 144 jobs at the facility.

Players

Phoenix Investors
Phoenix InvestorsBuyer

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93