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225 North Pearl Street, Jac...

Real Capital Solutions Acquires Office Building In Jacksonville For $95M
SOLDOffice

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

Real Capital Solutions (RCS)
Real Capital Solutions (RCS)Buyer

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