Southpoint Boulevard I LLC Acquires Medical Office In Jacksonville For $8.73M
4035 Southpoint Blvd, Jacksonville, FL 32216, USA
$8,730,000
$749/SF
Building Size
11,644 SF
Asset Type
Office
Closing
Jul 22, 2020
About this deal
AI
A medical office located at 4035 Southpoint Blvd in Jacksonville was recently sold in a closed transaction. The sale took place on July 23, 2020, with the property being purchased for a total price of $8,730,000. The office spans across a total square footage of 11,644, resulting in a price per square foot (PPSF) of $749. The buyer, Southpoint Boulevard I LLC, acquired the property from the seller, Markdev Jacksonville LLC.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,730,000
- Address: 4035 Southpoint Blvd, Jacksonville
- Market: Jacksonville
This transaction was facilitated by Southpoint Boulevard I LLC, represented by their broker, from . On the other hand, Markdev Jacksonville LLC was represented by their broker, from . The sale of this medical office represents a significant transaction in the Jacksonville real estate market.
Players
Jacksonville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93