Updated Oct 29, 2024
Plymouth Industrial REIT Acquires Industrial Property In Jacksonville For $20.5M
8451 Western Way, Jacksonville, FL, USA
$20,500,000
$70/SF
Building Size
289,850 SF
Asset Type
Industrial
Closing
Sep 13, 2020
About this deal
AI
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.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93