Randy Lapenta Purchases Jacksonville Retail Property From Michael Price For $1,945,000
1115 Mary Susan Dr
$1,945,000
$247/SF
Building Size
7,857 SF
Asset Type
Retail
Closing
Dec 27, 2013
AI
The asset involved in this transaction is a retail property located at 1115 Mary Susan Dr in Jacksonville. The property has a square footage of 7,857 and was sold for $1,945,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,945,000.00
- Address: 1115 Mary Susan Dr
- Market: Jacksonville
- Square Footage: 7,857
- Buyer: Randy Lapenta
- Seller: Michael Price
The deal involved three brokers: Arthur Porosoff, Jorge Ruiz from Premier Properties, and Adam Tiktin from Franklin Street, who facilitated the transaction between the buyer and the seller.
Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.16%
Cash-on-Cash
-2.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93