Updated Oct 24, 2025
Corebridge Real Estate Investors Acquires Industrial Complex In Jacksonville For $12.4M
7900 Belfort Parkway
$12,400,000
$150/SF
Building Size
82,596 SF
Asset Type
Industrial
Closing
Oct 17, 2025
About this deal
AI
The property asset involved in the transaction is an industrial complex located at 7900 Belfort Parkway in Jacksonville. The facility spans 4.96 acres and comprises 82,596 square feet, with a sale price of $12,400,000, which translates to a price per square foot of $150.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,400,000
- Buyer: Corebridge Real Estate Investors
- Seller: Pivotal Rail Products LLC
- Lender: Webster Bank
- Mortgage Amount: $8,160,000
The transaction involved Corebridge Real Estate Investors acquiring the property from Pivotal Rail Products LLC. This deal represents a significant acquisition in the Jacksonville market, supported by financing from Webster Bank, which played a critical role in facilitating the purchase.
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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93