Dun & Bradstreet Inc Acquires Office Building In Jacksonville For $76.5M
SOLD
$76,500,000
Florida
See Similar DealsOffice218,700 SF
Sold 06/30/2021
SOLD
Dun & Bradstreet Inc Acquires Office Building In Jacksonville For $76.5M
5335 Gate Parkway, Jacksonville, FL, USA
See Similar DealsOffice218,700 SF
Sold 06/30/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$349
Total Square Footage:218,700 SF
Transaction Type:Sale
Dun & Bradstreet Inc has acquired an office property located at 5335 Gate Parkway in Jacksonville. The transaction, which took place on June 30, 2021, involved the sale of the property by TPG Real Estate for a total price of $76,500,000. The office space spans 218,700 square feet, resulting in a price per square foot of $350. The property sits on a 14.38-acre lot, with a price per acre of $5,319,889.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $76,500,000
- Address: 5335 Gate Parkway, Jacksonville
- Market: Jacksonville
The buyer in this transaction was Dun & Bradstreet Inc, represented by Anthony Jabbour. The seller was TPG Real Estate. The deal was facilitated by Brad Chrischilles of Foundry Commercial, who acted as the broker for Dun & Bradstreet Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,080,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$271,788.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$362,649.03
Annual Debt Service$4,351,788.34
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