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4826 Town Center Parkway, J...

CTO Realty Growth Sells Retail And Office Assets In Jacksonville For $34.9M - John P. Albright
SOLDOffice

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

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.

Players

John P. Albright

CTO Realty Growth Inc

Broker

$683.8M

vol

15 deals

Broker
John P. Albright

John P. Albright

CTO Realty Growth

Seller

$683.8M

vol

15 deals

Seller

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