Wideman Companies Acquires Office Asset From CitiGroup Inc In Jacksonville For $24M
14000 Citicards Way
$24,000,000
$45/SF
Building Size
523,451 SF
Asset Type
Office
Closing
Jan 17, 2025
About this deal
AI
The property asset involved in the transaction is located at 14000 Citicards Way, Jacksonville, and is classified as an office space. The sale price was $24,000,000, and the property encompasses a total square footage of 523,451. The price per square foot for this transaction is $45.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000
- Sale Date: 01/17/2025
- Buyer: Wideman Companies
- Seller: CitiGroup, Inc.
- Brokers: Robbie McEwan, Blake Koletic & Hunter Smith - JLL
The deal featured prominent representatives from JLL, with Robbie McEwan, Blake Koletic, and Hunter Smith representing the transaction for the buyer and seller. This collaboration showcases the expertise of JLL in facilitating significant real estate transactions in the Jacksonville market.
On the Map
$24,000,000
$45/SF
Office
View full map
Players
Jacksonville Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Blake Koletic to view all their deals.
Browse Jacksonville office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93