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Drayton-Parker Companies Acquires 10 Acres Of Land In North Jacksonville For $5.3M

Property Image
SOLD
$5,300,000
Gary Montour
Shaun Mayberry

Florida

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Land
Sold 07/06/2023
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Property Image
SOLD

Drayton-Parker Companies Acquires 10 Acres Of Land In North Jacksonville For $5.3M

Faye Road Jacksonville, Fl 32226

See Similar Deals
Land
Sold 07/06/2023
Gary Montour
Shaun Mayberry
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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.

Players

Gary Montour
Colliers
Gary Montour
1 deal$5.3M volume(904) 608-0410
BROKER
Shaun Mayberry
Franklin Street
Shaun Mayberry
2 deals$7.6M volume(904) 899-0310
BROKER

Details

SOLD
IMAGE: Shaun Mayberry DATE: 07/06/2023 ADDRESS: Faye Road & Alta Drive MARKET: North Jacksonville ASSET TYPE: Land ~ ACRES: 10 BUYER: Drayton-Parker Companies LLC SELLER: Dames Point Signature LLC - Stephen Leggett BUYER'S REP: Gary Montour - Colliers International (@ColliersInternational) SELLER'S REP: Shaun Mayberry - Franklin Street SALE PRICE: $5,300,000 NOTE: Drayton-Parker Companies LLC has acquired around 10 acres of land in North Jacksonville for $5.3 million. The purchased property at Faye Road and Alta Drive is expected to be developed into a retail and commercial project, potentially featuring hotels, self-storage facilities, retail spaces, and a convenience store.

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

$282,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45