New Age Properties LLC Acquires 6907 Broadway Avenue Office Building For $4.1M From Brightway Ventures LLC
6907 Broadway Avenue
$4,100,000
$47/SF
Building Size
87,180 SF
Asset Type
Office
Closing
May 29, 2025
About this deal
AI
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.
On the Map
$4,100,000
$47/SF
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93