Bill Huffman Of Nuveen Acquires Industrial Property In Jacksonville For $21.1M From Brennan Investment Group
4925 Bulls Bay Highway
$21,100,000
$107/SF
Building Size
197,164 SF
Asset Type
Industrial
Closing
Sep 5, 2025
AI
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:
- Property Type: Industrial
- Transaction Amount: $21,100,000
- Address: 4925 Bulls Bay Highway
- Market: Jacksonville
- Asset Size: 197,164 SF
- Price per Square Foot: $107
- Buyer: Bill Huffman - Nuveen
- Seller: Michael Brennan - Brennan Investment Group
- Brokers: Cody Brais, Luis Castillo, Taylor Osborne & David Orta Jr. - JLL
- Acres: 13.35
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
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93