CTO Realty Growth Sells Retail And Office Assets In Jacksonville For $34.9M - John P. Albright
SOLD
$34,900,000
Florida
See Similar DealsOffice
Sold 09/26/2022
SOLD
CTO Realty Growth Sells Retail And Office Assets In Jacksonville For $34.9M - John P. Albright
4826 Town Center Parkway, Jacksonville, Florida 32246, United States
See Similar DealsOffice
Sold 09/26/2022
Summary
FLORIDA
Asset Type:Office
Transaction Type:Sale
The property involved in this transaction includes three addresses: 4826 Town Center Pkwy, 4914 Town Center Pkwy, and 245 Riverside Ave, located in Jacksonville. The asset type encompasses both retail and office spaces. The sale price recorded for this transaction was $34,900,000.
Summary of transaction details:
- Property Type: Retail & Office
- Transaction Amount: $34,900,000
- Seller: CTO Realty Growth
- Representative: John P. Albright
- Market: Jacksonville
In this transaction, CTO Realty Growth was represented by John P. Albright. The nature of the deal highlights the significant financial investment associated with the retail and office assets.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,861,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$123,992.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,443.81
Annual Debt Service$1,985,325.66
Is there something missing? Send suggestions