Plymouth Industrial REIT Acquires Industrial Property In Jacksonville For $20.5M
SOLD
$20,500,000
Florida
See Similar DealsIndustrial289,850 SF
Sold 09/14/2020
SOLD
Plymouth Industrial REIT Acquires Industrial Property In Jacksonville For $20.5M
8451 Western Way, Jacksonville, FL, USA
See Similar DealsIndustrial289,850 SF
Sold 09/14/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:289,850 SF
Transaction Type:Sale
A industrial property located at 8451 Western Way in Jacksonville was recently sold on 09/14/2020. The property, with a total square footage of 289,850, was sold for a price of $20,500,000, resulting in a price per square foot of $71. The buyer in this transaction was Plymouth Industrial REIT represented by Pendleton White Jr.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,500,000
- Address: 8451 Western Way
- Market: Jacksonville
Pendleton White Jr. from Plymouth Industrial REIT acted as the buyer's representative in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,093,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50
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