AJC Partners Purchases Office Asset From Seller Peter Tubesing For $38 Million In Jacksonville

The transaction involved the sale of an office property located at 5201 Gate Parkway in Jacksonville. The sale price of the asset was $38,000,000, covering a total square footage of 150,000, which translates to a price per square foot of $253.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $38,000,000
• Buyer: AJC Partners
• Seller: Peter Tubesing
• Seller's Representative: Jeff Gates - SRS Real Estate Partners
• Square Footage: 150,000
• Price per Square Foot: $253
• Market: Jacksonville

SRS Capital Markets SVP Jeff Gates represented the seller, a New York-based institutional investor. The buyer, AJC Partners, is a private family office with a presence in Michigan and New York City, intending to hold the property as a long-term, cash-flowing investment.