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Dan Flamholz Acquires Industrial Asset From Gary David Gray In Jacksonville For $2.3M

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SOLD
$2,300,000

Florida

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Industrial
Sold 04/23/2025
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Property Image
SOLD

Dan Flamholz Acquires Industrial Asset From Gary David Gray In Jacksonville For $2.3M

6491 Powers Avenue

See Similar Deals
Industrial
Sold 04/23/2025
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

The property asset involved in this transaction is an industrial asset located at 6491 Powers Avenue in Jacksonville. The sale price for this property was $2,300,000, encompassing a total square footage of 18,732 and a price per square foot of $122.

Summary of transation details:

Brendan Schneier and Katherine Ortega, representing The Hype Real Estate Group, facilitated this transaction, ensuring a smooth closing process for both the buyer and the seller. Their focus includes sourcing industrial, retail, and land opportunities throughout Florida.

Players

Brendan Schneier
5 deals$40.5M volume(347) 578-3368
BROKER

Brendan Schneier
The Hype Real Estate Group
5 deals$40.5M volume(347) 578-3368
BROKER

Katherine Ortega
The Hype Real Estate Group
1 deal$2.3M volume(386) 302-3791
BROKER

Details

SOLD
IMAGE: Brendan Schneier & Katherine Ortega DATE: 04/23/2025 ADDRESS: 6491 Powers Avenue MARKET: Jacksonville ASSET TYPE: Industrial BUYER: Dan Flamholz SELLER: Gary David Gray BROKERS: Brendan Schneier (@BrendanSchneier) & Katherine Ortega (@KatherineOrtegapa) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $2,300,000 SF: 18,732 ~ PPSF: $122 NOTE FROM BROKER: The Hype Real Estate Group is excited to announce the sale of another off market transaction in Florida. We worked with both the Seller and Buyer of this transaction to fulfill a smooth closing. Our team is focused on sourcing industrial, retail, and land opportunities throughout the state. Please reach out to Brendan ([email protected]) or Katherine ([email protected]) for additional information or similar deals. For info on Hype and all our other deals, please email [email protected].

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08