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Bill Huffman Of Nuveen Acquires Industrial Property In Jacksonville For $21.1M From Brennan Investment Group

Property Image
SOLD
$21,100,000
Cody Brais
Luis Castillo
+ 3

Florida

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Industrial197,164 SF
Sold 09/05/2025
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Property Image
SOLD

Bill Huffman Of Nuveen Acquires Industrial Property In Jacksonville For $21.1M From Brennan Investment Group

4925 Bulls Bay Highway

See Similar Deals
Industrial197,164 SF
Sold 09/05/2025
Cody Brais
Luis Castillo
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$107
Total Square Footage:197,164 SF
Transaction Type:Sale

An industrial property located at 4925 Bulls Bay Highway in Jacksonville has been sold for $21.1 million. The asset encompasses 197,164 square feet and sits on 13.35 acres within Jacksonville’s Westside Industrial Park, reflecting a price per square foot of $107.

Summary of transation details:

Nuveen acquired the warehouse leased to Henry Schein, and the deal was facilitated by JLL Capital Markets, with the involvement of brokers Cody Brais, Luis Castillo, Taylor Osborne, and David Orta Jr., representing the seller during the transaction.

Players

Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER

Cody Brais
JLL
37 deals$1.7B volume
BROKER

Taylor Osborne
JLL
16 deals$609.1M volume
BROKER

David Orta Jr.
JLL
6 deals$276.7M volume
BROKER

William (Bill) Huffman
Nuveen
24 deals$2B volume
BUYER

Details

SOLD
IMAGE: Luis Castillo, Taylor Osborne, Cody Brais, David Orta Jr, Michael Brennan & Bill Huffman DATE: 09/05/2025 ADDRESS: 4925 Bulls Bay Highway MARKET: Jacksonville ASSET TYPE: Industrial ~ ACRES: 13.35 BUYER: Bill Huffman - Nuveen (@Nuveeninv) SELLER: Michael Brennan - Brennan Investment Group (@BrennanInvestmentGroup) BROKERS: Cody Brais (@Cody_Brais), Luis Castillo, Taylor Osborne & David Orta Jr. - JLL (@JLL) SALE PRICE: $21,100,000 SF: 197,164 ~ PPSF: $107 NOTE: Nuveen bought a 197,164 SF warehouse at 4925 Bulls Bay Highway in Jacksonville’s Westside Industrial Park for $21.1M from Brennan Investment Group. JLL Capital Markets’ Cody Brais, Luis Castillo, Taylor Osborne and David Orta Jr. represented the seller; the property is leased to Henry Schein.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,963.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,024.76
Annual Debt Service$1,200,297.18