Dream Finder Homes Acquires Office In Jacksonville From CP Group For $22M
8900 Prominence Parkway
$22,000,000
$29/SF
Building Size
750,000 SF
Asset Type
Office
Closing
Jun 28, 2024
AI
The office property located at 8900 Prominence Parkway in Jacksonville was sold by CP Group to Dream Finder Homes for $22,000,000. The property spans 750,000 square feet with a price per square foot of $29.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $22,000,000
- Buyer: Dream Finder Homes
- Seller: CP Group
- Seller's Representative: Matthew McCormack, Robbie McEwan, Hermen Rodriguez, Ike Ojala, Blake Koletic, Max Lescano, Hunter Smith - JLL
The sale transaction was facilitated by a team from JLL consisting of Matthew McCormack, Robbie McEwan, Hermen Rodriguez, Ike Ojala, Blake Koletic, Max Lescano, and Hunter Smith. This group played a key role in representing the seller, CP Group, in the deal.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93