Real Capital Solutions Acquires Office Building In Jacksonville For $95M
SOLD
$95,000,000
Florida
See Similar DealsOffice153,000 SF
Sold 11/09/2022
SOLD
Real Capital Solutions Acquires Office Building In Jacksonville For $95M
225 North Pearl Street, Jacksonville, Florida 32202, United States
See Similar DealsOffice153,000 SF
Sold 11/09/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$620
Total Square Footage:153,000 SF
Transaction Type:Sale
225 Pearl St, located in Jacksonville, was recently sold in a closed transaction for $95,000,000. The office property spans 1.5 acres and boasts a total square footage of 153,000. The sale price per square foot was $621, showcasing the high value of this asset. The transaction took place on 11/09/2022 and was captured in a photo taken by Doug Dieck.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $95,000,000
- Address: 225 Pearl St
- Market: Jacksonville
- Acres: 1.5
The buyer of the property was Real Capital Solutions, while the seller was Ryan Cos, represented by Doug Dieck. This transaction showcases the involvement of key individuals and companies in the deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$337,514.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$450,348.47
Annual Debt Service$5,404,181.60
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