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Marcus & Millichap Brokers Sell Industrial Property In Jacksonville For $5.6M

Property Image
SOLD
$5,569,500

Florida

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Industrial56,000 SF
Sold 11/08/2021
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Property Image
SOLD

Marcus & Millichap Brokers Sell Industrial Property In Jacksonville For $5.6M

8286 Western Way Circle, Jacksonville, FL, USA

See Similar Deals
Industrial56,000 SF
Sold 11/08/2021
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:56,000 SF
Transaction Type:Sale

An industrial property located at 8286 Western Way Circle in Jacksonville, was recently sold for a price of $5,569,500. The property spans approximately 56,000 square feet, resulting in a price per square foot of $99.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,569,500

The sale of this industrial property was facilitated by Marcus & Millichap, with Peter Catanzaro, Edward F. Duke III, and Will Harding serving as the brokers representing the transaction.

Players

Peter Catanzaro
3 deals$14.9M volume
BROKER

Edward "Tripp" Duke III
Marcus & Millichap
3 deals$14.9M volume(904) 672-1422
BROKER

Will Harding
Marcus & Millichap
3 deals$19.8M volume
BROKER

Details

SOLD
IMAGE: Peter Catanzaro, Edward F. Duke III & Will Harding DATE: 11/08/2021 ADDRESS: 8286 Western Way Circle MARKET: Jacksonville ASSET TYPE: Industrial BROKERS: Peter Catanzaro, Edward F. Duke III & Will Harding - Marcus & Millichap SALE PRICE: $5,569,500 SF: 56,000 ~ PPSF: $99

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$297,040.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,787.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,402.27
Annual Debt Service$316,827.26