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Blevins Capital Partners LP Purchases Industrial Property From Emerik Properties Corp For $11.45M
SOLD
$11,450,000
Florida
See Similar DealsIndustrial154,474 SF
Sold 10/22/2025
SOLD
Blevins Capital Partners LP Purchases Industrial Property From Emerik Properties Corp For $11.45M
6740 Broadway Avenue
See Similar DealsIndustrial154,474 SF
Sold 10/22/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:154,474 SF
Transaction Type:Sale
A 154,474-square-foot warehouse was sold at 6740 Broadway Avenue in Northwest Jacksonville, which is situated on an 11.5-acre site. The property was purchased for $11.45 million. The transaction involved a total of over 20 qualified offers, showcasing strong interest in the asset.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $11,450,000
- Sale Date: 10/22/2025
- Buyer: Blevins Capital Partners LP
- Seller: Emerik Properties Corp.
- Lender: Pinnacle Bank
- Price per Square Foot: $74
Blevins Capital Partners LP, based in Nashville, has now leased the property alongside Wilsonart. The acquisition was facilitated by a $10 million mortgage obtained through Pinnacle Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$610,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,679.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,278.84
Annual Debt Service$651,346.10
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