Gabriel Elkaim Acquires 151,815 Square Foot Office Building In Jacksonville For $14.7M
4500 Salisbury Road
$14,700,000
$96/SF
Building Size
151,815 SF
Asset Type
Office
Closing
Jul 14, 2026
About this deal
AI
This transaction involves the sale of an office asset located at 4500 Salisbury Road in Jacksonville, FL. The property spans 151,815 square feet and encompasses 8 acres of land. The sale was completed for a total amount of $14,700,000, resulting in a price per square foot of $97.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,700,000
- Address: 4500 Salisbury Road
- Market: Jacksonville, FL
- Asset Size: 151,815 SF
- Price per Square Foot: $97
- Buyer: Gabriel Elkaim
- Seller: Acorn Butler Pointe LLC
- Brokers: Daniel Burkhardt, Keith Goldfaden & Alex Caliel - NAI Hallmark
- Acres: 8
NAI Hallmark arranged the $14.7 million sale of Butler Pointe, a five-story, multi-tenant office building located in the Southpoint submarket of Jacksonville, Florida. The buyer, Gabriel Elkaim, is based in Fort Lauderdale.
On the Map
$14,700,000
$96/SF
Office
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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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93