American Electrical Contracting Inc. Acquires Mixed-Use Property In Jacksonville For $3.4M
9016 Philips Highway, Jacksonville, FL, USA
$3,400,000
$165/SF
Building Size
20,500 SF
Asset Type
Mixed-use
Closing
Mar 11, 2021
About this deal
AI
A mixed-use property consisting of a warehouse and office space located at 9016 Philips Highway in Jacksonville has been sold. The transaction took place on March 12, 2021.
Summary of transaction details
- Property Type: Mixed-use (Warehouse & Office)
- Transaction Amount: $3,400,000
- Square Footage: 20,500 SF
- Price per Square Foot: $166
- Acreage: 3.4 acres
- Price per Acre: $1,000,000
- Market: Jacksonville
The buyer of the property is American Electrical Contracting Inc., represented by David Yencarelli. The deal was facilitated by Jeffrey Evans from Greene Commercial Real Estate Group.
Players
Jacksonville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeffrey (Jeff) Evans to view all their deals.
Browse Florida mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93