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Brightwork Acquisitions, LLC Acquires 1.12-Acre Land On Blanding Blvd. In Jacksonville

Property Image
SOLD
$1,800,000

Florida

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Land
Sold 10/09/2023
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Property Image
SOLD

Brightwork Acquisitions, LLC Acquires 1.12-Acre Land On Blanding Blvd. In Jacksonville

1931 Blanding Boulevard

See Similar Deals
Land
Sold 10/09/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

A 1.12-acre property located at 1931 Blanding Boulevard on Jacksonville's Westside has been sold for $1.8 million. The buyer, Brightwork Acquisitions, LLC, plans to develop the property into a car wash, taking advantage of the growing demand in the Northeast Florida market.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,800,000
  • Address: 1931 Blanding Boulevard, Jacksonville
  • Market: Jacksonville
  • Size: 1.12 acres
  • Buyer: Brightwork Acquisitions, LLC
  • Seller: CJX5 LLC
  • Broker: Austin Kay - NAI Hallmark

The sale of this property showcases the growing demand for car wash facilities in the Northeast Florida market. Brightwork Acquisitions, LLC recognized the potential of this 1.12-acre land and seized the opportunity to develop it into a car wash, catering to the needs of the local community.

Players

Austin Kay
NAI Global
Austin Kay
7 deals$20.3M volume
BROKER

Details

SOLD
IMAGE: Austin Kay DATE: 10/09/2023 ADDRESS: 1931 Blanding Boulevard MARKET: Jacksonville ASSET TYPE: Land ~ ACRES: 1.12 BUYER: Brightwork Acquisitions, LLC SELLER: CJX5 LLC BROKER: Austin Kay - NAI Hallmark (@NAIHallmark) SALE PRICE: $1,800,000 NOTE: A 1.12-acre property at 1931 Blanding Blvd. on Jacksonville's Westside has sold for $1.8 million. The buyer, Brightwork Acquisitions, LLC, plans to develop it as a car wash, reflecting the growing demand in the Northeast Florida market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02