Updated Oct 29, 2024
Mayfair Investment Partners Acquires Industrial Property In Jacksonville For $13.25M
2210 Melson Ave Jacksonville, FL 32254, USA
$13,250,000
$39/SF
Building Size
340,000 SF
Asset Type
Industrial
Closing
Jul 6, 2023
About this deal
AI
An industrial property located at 2210 Melson Avenue in Jacksonville has been sold for $13,250,000. The property spans approximately 340,000 square feet, resulting in a price per square foot of $39.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,250,000
- Address: 2210 Melson Avenue, Jacksonville
- Market: Jacksonville
- Square Footage: 340,000
- Price Per Square Foot: $39
Mayfair Investment Partners, represented by Jonathan More, acquired the property. The buyer was assisted by Kristine Flook and Janet Crucet from Urbanize Properties, as well as Tyler Newman from Cushman & Wakefield. Mayfair Investment Partners expressed an active interest in acquiring industrial properties within the Southeast US region, particularly in the range of 100,000 to 1,000,000 square feet. Brokers are encouraged to reach out with potential opportunities to [email protected].
On the Map
$13,250,000
$39/SF
Industrial
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Players
Miami 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93