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Chester Stokes III Acquires Industrial Property On New Kings Road In Jacksonville For $2.2M

Property Image
SOLD
$2,200,000
Evan Metz
Yair Brachiyahu
Zachary Schneider

Florida

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Industrial
Sold 07/21/2023
the dealplayerscompscontact
Property Image
SOLD

Chester Stokes III Acquires Industrial Property On New Kings Road In Jacksonville For $2.2M

10042 New Kings Rd Jacksonville, FL 32219, USA

See Similar Deals
Industrial
Sold 07/21/2023
Evan Metz
Yair Brachiyahu
Zachary Schneider
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

The industrial property located at 10042 New Kings Road in Jacksonville has been sold. The property spans across 11.19 acres and was sold for a total price of $2,200,000, resulting in a per acre price of approximately $196,604.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,200,000
  • Address: 10042 New Kings Road
  • Market: Jacksonville
  • Acres: 11.19
  • PPA (Price Per Acre): $196,604

The buyer of the property is Chester Stokes III, while the seller is Larry Malphrus. The deal was facilitated by Evan Metz, Yair Brachiyahu, and Zachary Schneider, who are the brokers representing Alberi Real Estate in this transaction.

Players

Evan Metz
Evan Metz
1 deal$2.2M volume(786) 252-4443
BROKER
Yair Brachiyahu
Yair Brachiyahu
1 deal$2.2M volume(786) 514-9836
BROKER
Zachary Schneider
Zachary Schneider
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: Yair Brachiyahu, Evan Metz & Zachary Schneider DATE: 07/21/2023 ADDRESS: 10042 New Kings Road MARKET: Jacksonville ASSET TYPE: Industrial BUYER: Chester Stokes III SELLER: Larry Malphrus BROKERS: Evan Metz, Yair Brachiyahu & Zachary Schneider (@Zackschneidahhh) - Alberi Real Estate SALE PRICE: $2,200,000 ACRES: 11.19 ~ PPA: $196,604

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
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