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402 Zoo Parkway

Pete Briger Of Fortress Investment Group Acquires 73.42 Acre North Jacksonville Package Deal For $41.61M
SOLDPackage Deal

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:

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

Pete Briger

Fortress Investment Group

Buyer

$606.3M

vol

7 deals

Buyer
Dan Juntunen

Dan Juntunen

The Wells Companies, Inc.

Seller

$41.6M

vol

1 deal

Seller

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