TSG Realty Acquires Retail Property In Jacksonville For $4.1M
SOLD
$4,100,000
Florida
See Similar DealsRetail15,600 SF
Sold 10/07/2021
SOLD
TSG Realty Acquires Retail Property In Jacksonville For $4.1M
14054 Beach Blvd, Jacksonville, FL, USA
See Similar DealsRetail15,600 SF
Sold 10/07/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
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
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