RPM Automotive Ventures LLC Sells Retail Property In Jacksonville For $2.975M With Brokers Chad E. Atwood, Jessica Harris & Andy Prater - Marcus & Millichap
13657 Atlantic Boulevard, Jacksonville, Florida 32225, United States
$2,975,000
$185/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Aug 18, 2022
AI
The retail property located at 13657 Atlantic Blvd in Jacksonville was recently sold for a price of $2,975,000. The property spans approximately 16,000 square feet, resulting in a price per square foot of $186. The transaction took place on 08/19/2022 and involved a total land area of 1.22 acres.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,975,000
- Address: 13657 Atlantic Blvd, Jacksonville
- Market: Jacksonville
- Land Area: 1.22 acres
The seller of the property was RPM Automotive Ventures LLC. The sale was facilitated by brokers Chad E. Atwood, Jessica Harris, and Andy Prater from Marcus & Millichap. Their expertise and representation played a crucial role in ensuring a successful transaction.
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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93