Chris Tellone & CJ Clark Of Monomoy CRE Acquire Industrial Property In Jacksonville For $7M
11950 Camden Road
$8,000,000
$15/SF
Building Size
522,720 SF
Asset Type
Industrial
Closing
May 14, 2026
AI
The sale involved an industrial outdoor storage property located at 11950 Camden Road in Jacksonville. The asset spans 12 acres and has a total square footage of 522,720, sold for a price of $7,000,000, resulting in a price per square foot of $13.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 11950 Camden Road
- Market: Jacksonville
- Square Footage: 522,720
- Price per Square Foot: $13
- Buyer: Chris Tellone & CJ Clark - Monomoy CRE
- Broker Representatives: Dusty Dodge, Johnny Dodge & Paul Shooster - Dodge Real Estate Corp
Dodge Real Estate Corp successfully facilitated the transaction by representing both the buyer and seller. The firm emphasized their specialized approach in discreet, off-market executions and strategic targeting of potential buyers.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93