Kingsbarn Realty Capital Acquires Retail Property In Jacksonville For $30.5M
SOLD
$30,500,000
Florida
See Similar DealsRetail65,633 SF
Sold 02/16/2022
SOLD
Kingsbarn Realty Capital Acquires Retail Property In Jacksonville For $30.5M
12675 Beach Boulevard, Jacksonville, Florida 32246, United States
See Similar DealsRetail65,633 SF
Sold 02/16/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$464
Total Square Footage:65,633 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 12675 Beach Blvd in Jacksonville. The property was sold on 02/16/2022 for a sale price of $30,500,000. The buyer in this transaction was Kingsbarn Realty Capital, represented by Jeff Pori. The property is situated in the Jacksonville market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,500,000
- Address: 12675 Beach Blvd, Jacksonville
- Buyer: Kingsbarn Realty Capital - Jeff Pori
- Market: Jacksonville
Jeff Pori, representing Kingsbarn Realty Capital, played a key role as the buyer in this transaction. This deal signifies the acquisition of a valuable retail asset in the Jacksonville market.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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