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Greenbriar Rd, St Johns, F...

Updated Apr 3, 2025

Bedrock DF Jax Pine LLC Acquires 215.84 Acres In St. Johns From Noah Breakstone For $40M
SOLDLand

Bedrock DF Jax Pine LLC Acquires 215.84 Acres In St. Johns From Noah Breakstone For $40M

$40,000,000

Building Size

—

Asset Type

Land

Closing

Mar 31, 2025

About this deal

AI

A 215.84-acre land parcel was sold for $40 million in the Greenbriar Helow master-planned community located in St. Johns County. The property is part of a larger 1,304-acre development district, which is designed to accommodate nearly 2,000 residential units and potential commercial projects, including 700,000 square feet of retail space.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $40,000,000
  • Address: Greenbriar Road
  • Market: St. Johns
  • Acres: 215.84
  • Buyer: Bedrock DF Jax Pine LLC
  • Seller: Noah Breakstone - BTI Partners

Bedrock DF Jax Pine LLC acquired the property from BTI Partners, with Noah Breakstone representing the seller in this transaction. The focus of the development will cater to both residential and commercial needs within the regional market.

Players

Noah Breakstone

BTI Partners

Seller

$210.7M

vol

6 deals

Seller
Bilt advertisement

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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