TSG Realty Acquires Retail Property In San Marco Square, Jacksonville For $3M
SOLD
$3,000,000
Florida
See Similar DealsRetail5,175 SF
Sold 07/12/2020
SOLD
TSG Realty Acquires Retail Property In San Marco Square, Jacksonville For $3M
1958 San Marco Blvd, San Marco, Jacksonville, FL, USA
See Similar DealsRetail5,175 SF
Sold 07/12/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$579
Total Square Footage:5,175 SF
Transaction Type:Sale
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.
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BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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