Real Capital Solutions Acquires Office Building In Jacksonville For $95M
225 North Pearl Street, Jacksonville, Florida 32202, United States
$95,000,000
$620/SF
Building Size
153,000 SF
Asset Type
Office
Closing
Nov 8, 2022
AI
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
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93