Updated Dec 4, 2024
Jack Ford & Brian Underkofler Purchase Industrial Asset In Jacksonville For $11.1M
2160 West 33rd Street
$11,100,000
$71/SF
Building Size
156,000 SF
Asset Type
Industrial
Closing
Jul 1, 2024
About this deal
AI
The industrial property located at 2160 West 33rd Street in Jacksonville was sold for $11,100,000. Spanning 156,000 square feet, the asset was acquired at a price per square foot of $71.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,100,000
- Buyer: Jack Ford & Brian Underkofler - Lightstone
- Brokers: Derek Riggleman & Samuel Gaslin - Lee & Associates
Jack Ford and Brian Underkofler of Lightstone were the purchasers of the industrial property, facilitated by brokers Derek Riggleman and Samuel Gaslin from Lee & Associates.
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93