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12724 Gran Bay Parkway

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

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

Robbie McEwan

JLL

Broker

$864.8M

vol

16 deals

Broker
JLL
JLLBrokerage

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