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6907 Broadway Avenue

New Age Properties LLC Acquires 6907 Broadway Avenue Office Building For $4.1M From Brightway Ventures LLC
SOLDOffice

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

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.

Players

Daniel Burkhardt

NAI Global

Broker

$72M

vol

11 deals

Broker

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