Updated Dec 4, 2024
Sterling Investors Acquires Fully Occupied Distribution Center In Jacksonville For $31.1M
4150 Perimeter Industrial Pkwy W Jacksonville, FL 32219, USA
$31,100,000
$119/SF
Building Size
260,000 SF
Asset Type
Industrial
Closing
May 23, 2023
About this deal
AI
Link Logistics has sold a fully occupied 260,000-square-foot distribution center located at 4150 Perimeter Industrial Parkway West in Jacksonville, Florida. The industrial property, sitting on 15.3 acres of land, was acquired by Sterling Investors for a total sale price of $31.1 million. The asset features amenities such as ESFR sprinkler systems and convenient access to major transportation routes.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $31,100,000
- Square Footage: 260,000
- Address: 4150 Perimeter Industrial Parkway West
- Market: Jacksonville
The buyer, Sterling Investors, successfully acquired the property from the seller, Link Logistics. The transaction was facilitated by the brokers Luke Pope, John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne, and Wells Waller from JLL. The lender involved in the deal was Global Atlantic Financial Group.
On the Map
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93