Riptide Realty Group Facilitates $7.15M Sale Of 23.6-Acre Land Parcel On Loretto Road, Jacksonville
3323 Loretto Road
$7,150,000
Building Size
—
Asset Type
Land
Closing
Jan 31, 2024
About this deal
AI
In Jacksonville's market, a 23.6-acre land parcel located at 3323 Loretto Road was sold for $7,150,000. The transaction was facilitated by broker Mike Beckley of Riptide Realty Group.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,150,000
- Address: 3323 Loretto Road
- Market: Jacksonville
- Asset Type: Land
- Size: 23.6 acres
Mike Beckley, from Riptide Realty Group, played a key role in the successful sale of the 23.6-acre land parcel at 3323 Loretto Road in Jacksonville.
The land sale at 3323 Loretto Road in Jacksonville, Florida sold for $7.2M in 2024. 3323 Loretto Road is classified as Land on Traded. Mike Beckley, Riptide Realty Group appear on the sale alongside Riptide Realty Group. This page is the Jacksonville, Florida file for the 3323 Loretto Road land sold: pricing, party profiles, and other closed land comps from the same Jacksonville sit in the Market section below. Filter that Jacksonville land set by closing date to see what else sold near 3323 Loretto Road around 2024. Published consideration for 3323 Loretto Road is $7.2M, dated 2024. Cite this Riptide Realty Group Facilitates $7.15M Sale Of 23.6-Acre Land Parcel On Loretto Road, Jacksonville sale when underwriting similar land product around Jacksonville, Florida.
On the Map
$7,150,000
Land
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Players
Jacksonville Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93