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Christopher Goodin Of Coastland Group Purchases 695 Acres In Northwest Jacksonville For $12.5M
SOLD
$12,500,000
Florida
See Similar DealsDevelopment Site
Sold 10/15/2025
SOLD
Christopher Goodin Of Coastland Group Purchases 695 Acres In Northwest Jacksonville For $12.5M
Development Site
Sold 10/15/2025
Summary
Asset Type:Development Site
Transaction Type:Sale
A development site located on Plummer Road in Northwest Jacksonville has been sold for $12,500,000. The size of the asset encompasses 695 acres, providing a substantial area for future projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,500,000
- Address: Plummer Road
- Market: Northwest Jacksonville
- Acres: 695
- Buyer: Christopher Goodin - Coastland Group
- Seller: Robert C. Taylor & Wendy G. Taylor
- Mortgage: $6,000,000 from the sellers
The buyer, Christopher Goodin of Coastland Group, plans to convert the acquired raw land into a residential community, signaling a significant development opportunity in the area. This transaction was facilitated through Chris Taylor HDH LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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