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TSG Realty Acquires Retail Property In Jacksonville For $4.1M

Property Image
SOLD
$4,100,000

Florida

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Retail15,600 SF
Sold 10/07/2021
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Property Image
SOLD

TSG Realty Acquires Retail Property In Jacksonville For $4.1M

14054 Beach Blvd, Jacksonville, FL, USA

See Similar Deals
Retail15,600 SF
Sold 10/07/2021
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$262
Total Square Footage:15,600 SF
Transaction Type:Sale

The retail property located at 14054 Beach Blvd in Jacksonville has been sold in a recent transaction. The property spans 15,600 square feet and was sold for a total price of $4,100,000, resulting in a price per square foot of $263. The sale took place on 10/07/2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,100,000
  • Address: 14054 Beach Blvd, Jacksonville
  • Market: Jacksonville

The buyer of the property is TSG Realty, while the seller is Regal Plaza LLC. Eric Yi from NAI Hallmark represented both parties as the broker in this transaction.

Players

Eric Yi
4 deals$10.1M volume
BROKER

BUYER

Details

SOLD
IMAGE: Eric Yi DATE: 10/07/2021 ADDRESS: 14054 Beach Blvd MARKET: Jacksonville ASSET TYPE: Retail BUYER: TSG Realty SELLER: Regal Plaza LLC BROKER: Eric Yi - NAI Hallmark SALE PRICE: $4,100,000 SF: 15,600 ~ PPSF: $263

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10