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5335 Gate Parkway, Jacksonv...

Dun & Bradstreet Inc Acquires Office Building In Jacksonville For $76.5M
SOLDOffice

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

Brad Chrischilles

Broker

$85.8M

vol

2 deals

Broker
TE
TPG Real EstateSeller

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