TSG Realty Acquires Retail Property In San Marco Square, Jacksonville For $3M
1958 San Marco Blvd, San Marco, Jacksonville, FL, USA
$3,000,000
$579/SF
Building Size
5,175 SF
Asset Type
Retail
Closing
Jul 12, 2020
About this deal
AI
An retail property located at 1958 San Marco Blvd in San Marco Square, Jacksonville, was recently sold for a transaction amount of $3,000,000. The property, which is owned by New Deco Two LLC and Husein Cumber, offers a prime location in the San Marco Square market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Date: 07/12/2021
- Market: San Marco Square, Jacksonville
- Buyer: TSG Realty
- Seller: New Deco Two LLC - Husein Cumber
TSG Realty, represented by their broker, successfully acquired the retail property from the seller, New Deco Two LLC and Husein Cumber. The transaction highlights the demand for properties in the San Marco Square market and the confidence of both the buyer and seller in the potential of the retail sector in this location.
Players
Jacksonville 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93