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2210 Melson Ave Jacksonvill...

Mayfair Investment Partners Acquires Industrial Property In Jacksonville For $13.25M
SOLDIndustrial

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

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].

Players

Janet Crucet

Urbanize Properties

Broker

$97.2M

vol

15 deals

Broker
MP
Mayfair Investment PartnersBuyer

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