American Electrical Contracting Inc. Acquires Mixed-Use Property In Jacksonville For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsMixed-use20,500 SF
Sold
SOLD
American Electrical Contracting Inc. Acquires Mixed-Use Property In Jacksonville For $3.4M
9016 Philips Highway, Jacksonville, FL, USA
See Similar DealsMixed-use20,500 SF
Sold
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$165
Total Square Footage:20500 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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