Marcus & Millichap Brokers Sell Industrial Property In Jacksonville For $5.6M
SOLD
Florida
See Similar DealsIndustrial56,000 SF
Sold 11/08/2021
SOLD
Marcus & Millichap Brokers Sell Industrial Property In Jacksonville For $5.6M
8286 Western Way Circle, Jacksonville, FL, USA
See Similar DealsIndustrial56,000 SF
Sold 11/08/2021
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.
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Deal Type
30 years
10 years
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
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