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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Address: 1028 Park Street
- Market: Jacksonville
- Brokers: Matthew Clark, Sam Middlekauff & Olivia Steinemann - The Urban Division - Colliers International
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.
On the Map
$7,000,000
$200/SF
Mixed-use
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Players
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