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.
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