InLight Real Estate Partners Acquires 19.11 Acres Of Land In Jacksonville For $4.85M
SOLD
$4,850,000
Florida
See Similar DealsSold 07/08/2022
SOLD
InLight Real Estate Partners Acquires 19.11 Acres Of Land In Jacksonville For $4.85M
9850 New Berlin Road, Jacksonville, Florida 32226, United States
See Similar DealsSold 07/08/2022
Summary
FLORIDA
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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