Justin Freedman And Alex Kouwenhoven Acquire Industrial Asset In Jacksonville For $10.1 Million
SOLD
$10,100,000
Florida
See Similar DealsIndustrial170,000 SF
Sold 05/29/2025
SOLD
Justin Freedman And Alex Kouwenhoven Acquire Industrial Asset In Jacksonville For $10.1 Million
5344 Overmyer Drive
See Similar DealsIndustrial170,000 SF
Sold 05/29/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$59
Total Square Footage:170,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$538,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83
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