Natural Life Collections Inc Acquires 1-Acre Office Property In Jacksonville Beach For $7M
901 7th Ave S Jacksonville Beach, FL 32250, USA
$7,000,000
$421/SF
Building Size
16,600 SF
Asset Type
Office
Closing
Jun 22, 2023
About this deal
AI
Online retailer Natural Life Collections Inc. has acquired a 1-acre parcel in Jacksonville Beach for $7 million. The property includes two buildings and is located near the Jacksonville Beach Country Club and Jacksonville Beach Elementary School.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 901 7th Avenue South, Jacksonville Beach
- Market: Jacksonville Beach
- Acres: 1
The buyer, Natural Life Collections Inc, represented by Patti Hughes, completed the purchase from JAX Refrigeration LLC.
The office sale at 901 7th Ave S Jacksonville Beach, FL 32250, USA in Miami, Florida sold for $7M in 2023. The building is 16,600 square feet, implying about 421 per square foot on the published price. This page is the Miami, Florida file for the 901 7th Ave S Jacksonville Beach, FL 32250, USA office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 901 7th Ave S Jacksonville Beach, FL 32250, USA around 2023. Published consideration for 901 7th Ave S Jacksonville Beach, FL 32250, USA is $7M, dated 2023. Cite this Natural Life Collections Inc Acquires 1-Acre Office Property In Jacksonville Beach For $7M sale when underwriting similar office product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93