Updated May 19, 2026
Todd Briddell Of CenterSquare Investment Management Acquires Philips Highway Industrial Park For $17.15M
5105 Philips Highway
$17,150,000
$160/SF
Building Size
106,643 SF
Asset Type
Industrial
Closing
May 14, 2026
About this deal
AI
The Philips Highway Industrial Park, an industrial asset located at 5105, 5225 & 5299 Philips Highway in Jacksonville, FL, has been acquired for a total of $17,150,000. The property encompasses 106,643 square feet and has a price per square foot of $161.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,150,000
- Buyer: Todd Briddell - CenterSquare Investment Management; ESAS Holdings
- Seller: Price Enterprise Holdings
- Financing: $10 million mortgage from an affiliate of Aetna Investment Group
This transaction involved a joint venture led by Todd Briddell, representing CenterSquare Investment Management and ESAS Holdings, acquiring the property from Price Enterprise Holdings. The deal reflects the strategic interests of the involved parties in the Jacksonville market.
On the Map
$17,150,000
$160/SF
Industrial
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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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93