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
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