Updated Jul 21, 2025
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
About this deal
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.
On the Map
$20,000,000
$33/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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93