RPM Automotive Ventures LLC Sells Retail Property In Jacksonville For $2.975M With Brokers Chad E. Atwood, Jessica Harris & Andy Prater - Marcus & Millichap
SOLD
$2,975,000
Florida
See Similar DealsRetail16,000 SF
Sold 08/19/2022
SOLD
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
See Similar DealsRetail16,000 SF
Sold 08/19/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$185
Total Square Footage:16,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21
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