Union South Partners Acquires Mixed-Use Property In Jacksonville For $7M
SOLD
Florida
See Similar DealsMixed-use35,000 SF
Sold 05/05/2024
SOLD
Union South Partners Acquires Mixed-Use Property In Jacksonville For $7M
1028 Park Street
See Similar DealsMixed-use35,000 SF
Sold 05/05/2024
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$200
Total Square Footage:35,000 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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