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New Age Properties LLC Acquires 6907 Broadway Avenue Office Building For $4.1M From Brightway Ventures LLC
SOLD
$4,100,000
Florida
See Similar DealsOffice87,180 SF
Sold 05/29/2025
SOLD
New Age Properties LLC Acquires 6907 Broadway Avenue Office Building For $4.1M From Brightway Ventures LLC
6907 Broadway Avenue
See Similar DealsOffice87,180 SF
Sold 05/29/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$47
Total Square Footage:87,180 SF
Transaction Type:Sale
The property involved in this transaction is a 5.7-acre office asset located at 6907 Broadway Avenue in Jacksonville. The building encompasses 87,180 square feet and was sold for $4,100,000, resulting in a price per square foot of $47.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,100,000
- Square Footage: 87,180
- Address: 6907 Broadway Avenue
- Market: Jacksonville
- Acres: 5.7
- Buyer: New Age Properties LLC
- Seller: Brightway Ventures LLC
- Brokers: Alex Caliel & Daniel Burkhardt - NAI Hallmark
New Age Properties LLC acquired the Brightway Center office building from Brightway Ventures LLC. The transaction was facilitated by the brokerage team of Daniel Burkhardt and Alex Caliel from NAI Hallmark, who represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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