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
$34,900,000
Building Size
—
Asset Type
Office
Closing
Sep 25, 2022
About this deal
AI
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.
On the Map
$34,900,000
Office
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93