JK Land Holdings Acquires Industrial Property In Gainesville, VA For $57M
14235 John Marshall Highway, Gainesville, VA 20155, USA
$57,000,000
$154/SF
Building Size
369,443 SF
Asset Type
Industrial
Closing
Mar 13, 2023
AI
JK Land Holdings has acquired an industrial property located at 14235 John Marshall Highway in Gainesville, VA. The property, measuring 369,443 square feet, was sold by Chalmers Property Company for a total price of $57,000,000. The sale price per square foot was $154.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $57,000,000
- Square Footage: 369,443
- Address: 14235 John Marshall Highway, Gainesville, VA
- Market: Gainesville, VA
- Buyer: JK Land Holdings
- Seller: Chalmers Property Company
- Brokers: Bo Cashman & Jonathan Beard - CBRE
Bo Cashman and Jonathan Beard from CBRE represented JK Land Holdings in the transaction as their brokers.
Players
Gainesville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93