Updated Dec 20, 2023
LRC Properties And Machine Investment Group Acquire Industrial Property In Jacksonville For $29.6M
600 Whittaker Road, Jacksonville, FL, USA
$29,600,000
$63/SF
Building Size
469,830 SF
Asset Type
Industrial
Closing
Jun 1, 2020
About this deal
AI
The industrial property located at 600 Whittaker Road in Jacksonville was recently sold for a total price of $29,600,000. The property spans a total square footage of 469,830 square feet, resulting in a price per square foot of $63. The transaction took place on 06/01/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,600,000
- Address: 600 Whittaker Road
- Market: Jacksonville
The buyer of the property was LRC Properties represented by Karie Nero, along with Machine Investment Group represented by Andy Kwon and Eric Rosenthal.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93