MG3 Reit LLC Acquires Office Property In Jacksonville For $43.8M

An office property located at 6651 Gate Parkway in Jacksonville was recently sold in a transaction valued at $43,800,000. The property spans 120,407 square feet and was sold at a price per square foot of $364. The sale took place on August 18, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $43,800,000
• Address: 6651 Gate Parkway, Jacksonville
• Market: Jacksonville
• Buyer: MG3 Reit LLC
• Seller: Real Capital Solutions
• Brokers: Mike Davis, Karl Johnston, Rick Brugge, Rick Colon, Dominic Montazemi, Zach Eicholtz, and Chloe Strada - Cushman & Wakefield

The sale was facilitated by a team of brokers from Cushman & Wakefield, including Mike Davis, Karl Johnston, Rick Brugge, Rick Colon, Dominic Montazemi, Zach Eicholtz, and Chloe Strada. They represented the buyer and seller in the transaction.