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14054 Beach Blvd, Jacksonvi...

TSG Realty Acquires Retail Property In Jacksonville For $4.1M
SOLDRetail

TSG Realty Acquires Retail Property In Jacksonville For $4.1M

14054 Beach Blvd, Jacksonville, FL, USA

$4,100,000

$262/SF

Building Size

15,600 SF

Asset Type

Retail

Closing

Oct 7, 2021

AI

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

NAI Global

Broker

$10.1M

vol

4 deals

Broker
TR
TSG RealtyBuyer

Jacksonville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93