Drayton-Parker Companies Acquires 10 Acres Of Land In North Jacksonville For $5.3M
Faye Road Jacksonville, Fl 32226
$5,300,000
Building Size
—
Asset Type
Land
Closing
Jul 6, 2023
About this deal
AI
Drayton-Parker Companies LLC has acquired approximately 10 acres of land in North Jacksonville for $5.3 million. The property, located at Faye Road and Alta Drive, is expected to undergo development into a retail and commercial project. The project may potentially include hotels, self-storage facilities, retail spaces, and a convenience store.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $5,300,000
- Address: Faye Road & Alta Drive
- Market: North Jacksonville
- Acres: 10
Drayton-Parker Companies LLC served as the buyer in this transaction, while Dames Point Signature LLC, represented by Stephen Leggett, acted as the seller. Gary Montour from Colliers International represented the buyer as their broker, and Shaun Mayberry from Franklin Street represented the seller in the deal.
On the Map
$5,300,000
Land
View full map
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Miami land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93