InLight Real Estate Partners Acquires 19.11 Acres Of Land In Jacksonville For $4.85M
9850 New Berlin Road, Jacksonville, Florida 32226, United States
$4,850,000
Building Size
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Asset Type
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Closing
Jul 7, 2022
AI
19.11 acres of land located at 9850 & 9886 New Berlin Road in Jacksonville has been sold for $4,850,000. The transaction took place on 07/08/2022. The buyer, InLight Real Estate Partners represented by David Burch, acquired the property from the seller, Plan J Partners LLC, represented by Mitchell Swanson of their respective agencies.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,850,000
- Address: 9850 & 9886 New Berlin Road, Jacksonville
- Market: Jacksonville
- Acres: 19.11
Detailed insights into the key individuals involved in the deal reveal InLight Real Estate Partners, led by David Burch, as the buyer of the property. Mitchell Swanson, representing Plan J Partners LLC, acted as the seller in the transaction.
Jacksonville 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93