Dan Flamholz Acquires Industrial Asset From Gary David Gray In Jacksonville For $2.3M
6491 Powers Avenue
$2,300,000
Building Size
—
Asset Type
Industrial
Closing
Apr 23, 2025
AI
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:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Address: 6491 Powers Avenue
- Market: Jacksonville
- Square Footage: 18,732
- Price per Square Foot: $122
- Buyer: Dan Flamholz
- Seller: Gary David Gray
- Broker Representatives: Brendan Schneier & Katherine Ortega - The Hype Real Estate Group
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
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93