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1028 Park Street

Union South Partners Acquires Mixed-Use Property In Jacksonville For $7M
SOLDMixed-use

Union South Partners Acquires Mixed-Use Property In Jacksonville For $7M

1028 Park Street

$7,000,000

$200/SF

Building Size

35,000 SF

Asset Type

Mixed-use

Closing

May 5, 2024

AI

The mixed-use property located at 1028 Park Street in Jacksonville was sold for $7,000,000. The asset spans 35,000 square feet with a price per square foot of $200. The transaction took place between Union South Partners as the buyer and Shad Family as the seller.

Summary of transation details:

The Urban Division from Colliers International represented both parties in the deal. Matthew Clark, Sam Middlekauff, and Olivia Steinemann were the brokers facilitating the transaction.

Players

Matthew Clark

Colliers

Broker

$14.5M

vol

4 deals

Broker

Jacksonville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93