The Galloway Family 1998 Trust Acquires Retail Property In Jacksonville For $2.59M
11228 Beach Blvd, Jacksonville, FL 32246, USA
$2,590,000
$885/SF
Building Size
2,924 SF
Asset Type
Retail
Closing
Jul 15, 2020
About this deal
AI
The retail property located at 11228 Beach Blvd in Jacksonville was sold on July 16, 2020. The property spans 2,924 square feet and was sold for a total price of $2,590,000, resulting in a price per square foot of $885.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,590,000
- Address: 11228 Beach Blvd, Jacksonville
- Market: Jacksonville
- Buyer: The Galloway Family 1998 Trust
- Seller: David C. Marquis
The buyer in this transaction was represented by The Galloway Family 1998 Trust. On the other hand, David C. Marquis acted as the seller. These key individuals played a crucial role in the successful sale of the retail property.
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
6.12%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93