Savlan Capital Acquires Office Asset At 12724 Gran Bay Parkway In Jacksonville For $52M
12724 Gran Bay Parkway
$52,000,000
$68/SF
Building Size
765,190 SF
Asset Type
Office
Closing
Aug 7, 2025
AI
The asset involved in the transaction is an office property located at 12724 Gran Bay Parkway in the Jacksonville market. The sale was executed for a total of $52,000,000 with a square footage of 765,190, resulting in a price per square foot of $67.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $52,000,000
- Square Footage: 765,190
- Price Per Square Foot: $67
- Buyer: Savlan Capital
- Brokers: Robbie McEwan, Hunter Smith & Blake Koletic - JLL
- Address: 12724 Gran Bay Parkway
- Market: Jacksonville
The brokers involved in facilitating this transaction include Robbie McEwan, Hunter Smith, and Blake Koletic, representing JLL. Their expertise contributed to the successful closure of the deal for Savlan Capital, marking a significant transaction in the Jacksonville office market.
Players
Jacksonville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93