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Savlan Capital Acquires Office Asset At 12724 Gran Bay Parkway In Jacksonville For $52M

Property Image
SOLD
$52,000,000

Florida

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Office765,190 SF
Sold 08/08/2025
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Property Image
SOLD

Savlan Capital Acquires Office Asset At 12724 Gran Bay Parkway In Jacksonville For $52M

12724 Gran Bay Parkway

See Similar Deals
Office765,190 SF
Sold 08/08/2025
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$68
Total Square Footage:765,190 SF
Transaction Type:Sale

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

Robbie McEwan
16 deals$864.8M volume
BROKER

Blake Koletic
JLL
17 deals$1.5B volume
BROKER

Hunter Smith
JLL
14 deals$1.2B volume
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Robbie McEwan, Blake Koletic & Hunter Smith DATE: 08/08/2025 ADDRESS: 12724 Gran Bay Parkway (Lakeside + Flagler Center) MARKET: Jacksonville ASSET TYPE: Office BUYER: Savlan Capital BROKERS: Robbie McEwan, Hunter Smith (@HunterSmith888) & Blake Koletic (@BlakeKoletic) - JLL (@JLL) SALE PRICE: $52,000,000 SF: 765,190 ~ PPSF: $67

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,773,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35