Raleigh Enterprises Acquires Land On Atlantic Boulevard In Jacksonville For $24.3M
Jacksonville
$24,300,000
Building Size
—
Asset Type
Land
Closing
Jun 16, 2023
About this deal
AI
The Hollywood-based firm Teviac Florida LLC, a subsidiary of Raleigh Enterprises, has acquired a commercial property on Atlantic Boulevard in Jacksonville for $24.3 million. The property spans 274,000 square feet and was previously sold for $6 million in May 2022. It is conveniently located near various businesses in the area.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $24,300,000
- Buyer: Raleigh Enterprises
- Seller: Net Lease Alliance - Ron Johnston
- Market: Jacksonville
This significant transaction was facilitated by Raleigh Enterprises as the buyer and Net Lease Alliance - Ron Johnston as the seller's representative.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93