Updated Jun 3, 2025
Justin Freedman And Alex Kouwenhoven Acquire Industrial Asset In Jacksonville For $10.1 Million
5344 Overmyer Drive
$10,100,000
$59/SF
Building Size
170,000 SF
Asset Type
Industrial
Closing
May 28, 2025
About this deal
AI
The property involved in this transaction is located at 5344 Overmyer Drive in Jacksonville. It is classified as an industrial asset, encompassing 170,000 square feet and was sold for $10,100,000, resulting in a price per square foot of $59.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $10,100,000
- Address: 5344 Overmyer Drive
- Market: Jacksonville
- Square Footage: 170,000
- Price per Square Foot: $59
- Buyer: Justin Freedman & Alex Kouwenhoven - Woodhill Real Estate
- Broker: Bryan Bartlett - Newmark
The individuals involved in this transaction include Justin Freedman and Alex Kouwenhoven, who represented Woodhill Real Estate as the buyers. Bryan Bartlett acted as the broker representing the transaction through Newmark.
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Bryan Bartlett to view all their deals.
Browse Jacksonville industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93