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12675 Beach Boulevard, Jack...

Kingsbarn Realty Capital Acquires Retail Property In Jacksonville For $30.5M
SOLDRetail

Kingsbarn Realty Capital Acquires Retail Property In Jacksonville For $30.5M

12675 Beach Boulevard, Jacksonville, Florida 32246, United States

$30,500,000

$464/SF

Building Size

65,633 SF

Asset Type

Retail

Closing

Feb 15, 2022

AI

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

Jeff Pori

Kingsbarn Realty Capital

Buyer

$432.6M

vol

7 deals

Buyer

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

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93