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1115 Mary Susan Dr

Randy Lapenta Purchases Jacksonville Retail Property From Michael Price For $1,945,000
SOLDRetail

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

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Randy Lapenta

Buyer
Buyer
Michael Price

Michael Price

Seller

$4.2M

vol

1 deal

Seller

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