Updated Oct 29, 2024
JB Capital Management Acquires Industrial Property In Northwest Jacksonville For $20.7M
4259 Perimeter Industrial Parkway W
$20,700,000
$123/SF
Building Size
168,000 SF
Asset Type
Industrial
Closing
Feb 27, 2023
About this deal
AI
An industrial property located at 4259 Perimeter Industrial Parkway W in Northwest Jacksonville has been sold for a transaction amount of $20,700,000. The property spans a total square footage of 168,000, resulting in a price per square foot of $123. The sale took place on February 27, 2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $20,700,000
- Address: 4259 Perimeter Industrial Parkway W
- Market: Northwest Jacksonville
The buyer of the property is JB Capital Management LLC, represented by Mary Giguere. The seller is RP Perimeter West Two LLC. The deal was facilitated by J.R. Richardson and Rich Antczak of Newmark, along with Brian Knowles of Lee & Associates. A loan for the transaction was provided by United of Omaha Life Insurance Co.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93