Eric Trombly Of Black Bear Capital Partners Secures $5.9M Acquisition Loan For Retail Property In Jacksonville, FL
1767 Saint Johns Bluff Road South, Jacksonville, Florida 32246, United States
$5,900,000
$263/SF
Building Size
22,433 SF
Asset Type
Retail
Closing
Feb 14, 2022
About this deal
AI
A retail property located at 1767 St. Johns Bluff Road S in Jacksonville, FL has been recently involved in a closed transaction. The property, spanning approximately 22,433 square feet, was acquired in this deal. The transaction was facilitated by Eric Trombly from BlackBear Capital Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,900,000
- Loan Type: Acquisition Loan
- Loan Terms: The financing for this acquisition was provided by a regional bank. It is a 7-year loan with 5 years of interest-only payments. The loan has a fixed rate of 3.91%.
The involvement of Eric Trombly from BlackBear Capital Partners highlights the representation of the buyer or seller in this transaction. The details of the loan indicate that it was secured for the acquisition of the Tractor Supply retailer on St. Johns Bluff Road S. It is notable that the loan features a fixed rate of 3.91% and incorporates 5 years of interest-only payments. This transaction underscores the continued activity and growth in the retail market in Jacksonville, FL.
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93