Pete Briger Of Fortress Investment Group Acquires 73.42 Acre North Jacksonville Package Deal For $41.61M
$41,610,000
Building Size
—
Asset Type
Package Deal
Closing
Apr 15, 2026
AI
A package deal comprising six North Jacksonville properties totaling 73.42 acres has been sold, featuring a concrete facility. This portfolio includes an industrial property with a 144,000-square-foot manufacturing site and barge access, situated in the North Jacksonville market.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $41,610,000
- Buyer: Pete Briger - Fortress Investment Group
- Seller: Dan Juntunen - The Wells Companies, Inc.
The transaction highlights Pete Briger's continued interest in expanding Fortress Investment Group's industrial footprint, with this acquisition marking another strategic move within the Jacksonville market. Dan Juntunen represented The Wells Companies, Inc. in this deal.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93