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
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
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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