Colliers International Leases Retail Space To Jaguar Power Sports In Jacksonville
7720 Philips Hwy, Jacksonville, FL, USA
Building Size
42,952 SF
Asset Type
Retail
Closing
May 31, 2020
AI
The retail property located at 7720 Philips Hwy in Jacksonville was recently leased. The property spans 42,952 square feet and was leased by Jaguar Power Sports, with Shaun Jackrel as the tenant. The lease transaction was facilitated by Eric Bumgarner, Joseph Turri, and Michael Cassidy of Colliers International. The asking rent for the property was $63.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 7720 Philips Hwy
- Market: Jacksonville
- Square Footage: 42,952 SF
- Tenant: Jaguar Power Sports - Shaun Jackrel
- Brokers: Eric Bumgarner, Joseph Turri & Michael Cassidy - Colliers International
The leasing transaction for this retail property was successfully managed by Eric Bumgarner, Joseph Turri, and Michael Cassidy, all from Colliers International. Their expertise and efforts helped secure the lease agreement between Jaguar Power Sports and the property owner.
Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93