Bank Of America Acquires Five Buildings And Two Parking Garages In Jacksonville For $155M
9000 Southside Boulevard Building 200, 300, 400, 500 & 600
$155,000,000
$189/SF
Building Size
820,000 SF
Asset Type
Office
Closing
Aug 11, 2026
AI
Bank of America acquired five buildings and two parking garages totaling approximately 820,000 square feet at 9000 Southside Boulevard, Buildings 200, 300, 400, 500, and 600 in Jacksonville, FL for $155,000,000. The price per square foot is $189.
Summary of transaction details:
- Property Type: Office & Garage
- Transaction Amount: $155,000,000
- Buyer: Brian Moynihan - Bank of America
- Seller: Brian Harris - Ladder Capital
- Square Footage: 820,000
- Address: 9000 Southside Boulevard Building 200, 300, 400, 500 & 600
- Market: Jacksonville, FL
Bank of America will continue leasing 78,000 square feet in Building 100 from Glenfield Capital while retaining the campus as a major operations hub for over 7,100 employees.
Players
Southside 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93