R&B Realty Group Refinances Jacksonville Office Building On Southpoint Pkwy For $27.2M With Natixis Loan
6410 Southpoint Pkwy, Jacksonville, FL, USA
$27,225,000
$101/SF
Building Size
268,000 SF
Asset Type
Office
Closing
Oct 5, 2021
About this deal
AI
Located at 6410-6440 Southpoint Pkwy in Jacksonville, this office property spans over 268,000 square feet. The asset was involved in a recent transaction for a refinance loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,225,000
- Address: 6410-6440 Southpoint Pkwy, Jacksonville
- Market: Jacksonville
- Lender: natixis''>Natixis
- Landlord: R&B Realty Group, LLC
The loan was secured from Natixis for the amount of $27,225,000. The property is owned by R&B Realty Group, LLC. The transaction was facilitated by Adrian Edery from Paradigm Commercial Real Estate LLC.
On the Map
$27,225,000
$101/SF
Office
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Players
Jacksonville Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93