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6491 Powers Avenue

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

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:

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

The Hype Real Estate Group

Broker

$40.5M

vol

5 deals

Broker

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