Alejandro Kronfle Acquires Orange Park Retail Property For $2.6M
1408 Park Avenue, Orange Park, Florida 32073, United States
$2,600,000
$1,300/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
May 17, 2022
About this deal
AI
The retail property located at 1408 Park Ave in Orange Park has been sold for $2,600,000. The property spans 2,000 square feet, resulting in a price of $1,300 per square foot. The sale took place on May 18, 2022. The buyer of the property was Alejandro Kronfle, while the seller was Timothy Conley. The transaction was facilitated by FA Commercial, acting as the broker.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Square Feet: 2,000
- Price per Square Foot: $1,300
- Date: May 18, 2022
- Buyer: Alejandro Kronfle
- Seller: Timothy Conley
- Broker: FA Commercial
Sebastian Faerman & Fabio Faerman were responsible for capturing the image associated with the property sale. No additional details are available about the photographers or the specific nature of the image.
Players
Orange Park 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93