Mr. Implant LLC Acquires Retail Property In Jacksonville For $1.5M
11645 Beach Boulevard, Jacksonville, FL, USA
$1,500,000
$105/SF
Building Size
14,290 SF
Asset Type
Retail
Closing
May 28, 2020
AI
11645 Beach Boulevard, a retail property located in Jacksonville, was recently sold. The property spans 14,290 square feet and was sold for $1,500,000, making the price per square foot $105.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Date: 05/28/2021
- Market: Jacksonville
- Buyer: Mr. Implant LLC
- Seller: Mark’s Investment Properties LLC
The buyer was represented by Jason Price from Crown Tenant Advisors, while Austin Kay and Eric Yi from NAI Hallmark served as the seller's representatives.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93