Faropoint Acquires 8.2 Acre Industrial Property In Jacksonville From Easton, Sanderson & Co. For $5.69M
SOLD
$5,690,000
Florida
See Similar DealsIndustrial135,000 SF
Sold 06/17/2022
SOLD
Faropoint Acquires 8.2 Acre Industrial Property In Jacksonville From Easton, Sanderson & Co. For $5.69M
3333 Canal Street, Jacksonville, Florida 32209, United States
See Similar DealsIndustrial135,000 SF
Sold 06/17/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$42
Total Square Footage:135,000 SF
Transaction Type:Sale
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.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$303,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,215.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,973.50
Annual Debt Service$323,682.03
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