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800 W Monroe St, Jacksonvil...

JWB Real Estate Capital Acquires Office Property In Jacksonville For $2.5M
SOLDOffice

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

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

Keith Goldfaden

NAI Global

Broker

$34.2M

vol

5 deals

Broker
JC
JWB Real Estate CapitalBuyer

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