JWB Real Estate Capital Acquires Office Property In Jacksonville For $2.5M
800 W Monroe St, Jacksonville, FL, USA
$2,500,000
$113/SF
Building Size
21,960 SF
Asset Type
Office
Closing
Aug 30, 2021
About this deal
AI
An office property located at 800 W. Monroe St. in Jacksonville has been sold for a price of $2,500,000. The transaction took place on August 30, 2021. The property spans an area of 21,960 square feet and has a price per square foot of $114. It sits on a 1.45-acre plot, with a price per acre of $1,724,138.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,500,000
- Address: 800 W. Monroe St., Jacksonville
- Market: Jacksonville
JWB Real Estate Capital, represented by Alex Sifakis, acquired the property from Jax Monroe LLC. The transaction was facilitated by brokers Keith Goldfaden and Daniel Burkhardt of NAI Hallmark.
Note: No additional details are available about the property or the deal.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93