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8286 Western Way Circle, Ja...

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

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

8286 Western Way Circle, Jacksonville, FL, USA

$5,569,500

$99/SF

Building Size

56,000 SF

Asset Type

Industrial

Closing

Nov 8, 2021

AI

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

Marcus & Millichap

Broker

$14.9M

vol

3 deals

Broker

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

2.85%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93