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6426 Bowden Road, Jacksonvi...

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

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

6426 Bowden Road, Jacksonville, FL 32216

$3,300,000

$192/SF

Building Size

17,125 SF

Asset Type

Closing

Feb 2, 2023

AI

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

Lance Zar

Zar Capital Group

Buyer

$28.8M

vol

5 deals

Buyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93