Chaim Cahane Evan Hirsch And Dov Tepper Of Forte Capital Management Acquire Industrial Property For $10.5M In Jacksonville
8802 Corporate Square Court & 8511 Alton Avenue
$10,500,000
$65/SF
Building Size
160,000 SF
Asset Type
Industrial
Closing
Jul 19, 2024
AI
The property involved in this transaction is located at 8802 Corporate Square Court and 8511 Alton Avenue in Jacksonville. It is an industrial asset with a sale price of $10,500,000 and encompasses a total square footage of 80,000, translating to a price per square foot of $131.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Square Footage: 80,000
- Price Per Square Foot: $131
- Buyer: Chaim Cahane, Evan Hirsch & Dov Tepper - Forte Capital Management
- Seller: Alan Dickinson
The deal includes Chaim Cahane, Evan Hirsch, and Dov Tepper representing Forte Capital Management as the buyers. Alan Dickinson is identified as the seller in the transaction.
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93