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Zar Capital Group Acquires Retail Property In Jacksonville For $3.3M

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SOLD
$3,300,000

Florida

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17,125 SF
Sold 02/02/2023
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Property Image
SOLD

Zar Capital Group Acquires Retail Property In Jacksonville For $3.3M

6426 Bowden Road, Jacksonville, FL 32216

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17,125 SF
Sold 02/02/2023
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Summary

Price Per Square Foot:$192
Total Square Footage:17,125 SF
Transaction Type:Sale

Located in Jacksonville, Florida, a retail property situated at 6426 Bowden Road has recently been sold. The property, with a total area of 17,125 square feet, was purchased by Lance Zar of Zar Capital Group for $3,300,000. This transaction consisted of 10 individual units, with each unit priced at $330,000. The price per square foot for this retail asset was $193.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $3,300,000
  • Units: 10
  • Price per Unit: $330,000
  • Total Square Footage: 17,125
  • Price per Square Foot: $193
  • Buyer: Lance Zar - Zar Capital Group

Lance Zar, representing Zar Capital Group, successfully acquired this retail property in Jacksonville. Zar Capital Group is actively seeking retail opportunities not only in Florida but also nationwide. For any potential opportunities, Lance Zar can be reached at [email protected].

Players

5 deals$28.8M volume
BUYER

Details

SOLD
IMAGE: Lance Zar DATE: 02/03/2023 ADDRESS: 6426 Bowden Road MARKET: Jacksonville ASSET TYPE: Retail BUYER: Lance Zar (@Lance_Zar) - Zar Capital Group SALE PRICE: $3,300,000 UNITS: 10 ~ PPU: $330,000 SF: 17,125 ~ PPSF: $193 NOTE FROM BUYER: Zar Capital Group is actively seeking Retail Opportunities in Florida and nation-wide. Please reach out to [email protected] with any opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20