Dun & Bradstreet Inc Acquires Office Building In Jacksonville For $76.5M
5335 Gate Parkway, Jacksonville, FL, USA
$76,500,000
$349/SF
Building Size
218,700 SF
Asset Type
Office
Closing
Jun 29, 2021
AI
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.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93