Updated Jun 18, 2026
SOLDIndustrial
Butler Family Holdings Acquires Industrial Warehouse In Jacksonville From The Kern Co. For $8.5M
614 Pecan Park Road
$8,500,000
$113/SF
Building Size
75,044 SF
Asset Type
Industrial
Closing
Jun 17, 2026
About this deal
AI
Butler Family Holdings acquired an industrial warehouse located at 614 Pecan Park Road in Jacksonville, Florida. The property spans 75,044 square feet and was sold for $8,500,000, resulting in a price per square foot of $113.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Buyer: Butler Family Holdings
- Seller: The Kern Co.
- Market: Jacksonville, FL
- Square Footage: 75,044
- Price per Square Foot: $113
The transaction represents a significant industrial investment sale in the Jacksonville market, with private capital buyer Butler Family Holdings expanding its warehouse holdings through this acquisition from The Kern Co.
Players
The Kern Co.Seller
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93