Updated Oct 28, 2024
Faropoint Acquires 8.2 Acre Industrial Property In Jacksonville From Easton, Sanderson & Co. For $5.69M
3333 Canal Street, Jacksonville, Florida 32209, United States
$5,690,000
$42/SF
Building Size
135,000 SF
Asset Type
Industrial
Closing
Jun 16, 2022
About this deal
AI
The industrial property located at 3333 North Canal Street in Jacksonville has been sold. The property spans across 8.2 acres and has a total square footage of 135,000. The sale took place on June 17, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,690,000
- Market: Jacksonville
The buyer of the property is Faropoint, while the seller is Easton, Sanderson & Co. The deal was facilitated by brokers Daniel Burkhardt, Jason Purdy, and Camden Padgett from NAI Hallmark.
The property was sold at a price per square foot of $42. No additional details are available about the transaction.
On the Map
$5,690,000
$42/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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93