The asset involved in the transaction is an office type property located in Jacksonville. It was sold for a price of $5,000,000 and has a total square footage of 20,000, resulting in a price per square foot of $250.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,000,000
• Buyer: Chuck & Eddie Farah
• Seller: Christy Frazier
• Brokerage: Sam Middlekauff, Matthew Clark & Olivia Steinemann - Colliers
• Year of original acquisition: 2023
• Original acquisition price: $4,000,000
• Market: Jacksonville

The transaction reflects the effort of Christy Frazier, who originally acquired the property as a strategic decision for downtown development. The new owners, Chuck & Eddie Farah, are local to Jacksonville and aim to support the resurgence of the Downtown area.