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8802 Corporate Square Court

Chaim Cahane Evan Hirsch And Dov Tepper Of Forte Capital Management Acquire Industrial Property For $10.5M In Jacksonville
SOLDIndustrial

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