SK Jaxs LLC Acquires Jacksonville Restaurant Space For $2.4M
10208 Buckhead Branch Dr Jacksonville, FL 32246, USA
$2,400,000
$452/SF
Building Size
5,304 SF
Asset Type
Retail
Closing
Aug 23, 2023
About this deal
AI
A restaurant space in Jacksonville near St. Johns Town Center has been sold for $2.4 million. The property, located at 10208 Buckhead Branch Drive, spans 1.05 acres. The retail space measures 5,304 square feet and has a price per square foot of $452. The transaction took place on August 23, 2023. The market where this property is situated is Jacksonville.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 10208 Buckhead Branch Drive
- Market: Jacksonville
- Acres: 1.05
- Square footage: 5,304
- Price per square foot: $452
SK Jaxs LLC acquired the restaurant space from Buckhead Equities LLC. The previous occupants of the space were The Original Pancake House and Ovinte. The sale of this property represents a significant transaction in the Jacksonville market.
Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93