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Frederick Bromberg Of Bromberg & Company Acquires Retail Asset In Jacksonville For $4.865M
SOLD
$4,865,000
Florida
See Similar DealsRetail9,260 SF
Sold 06/10/2025
SOLD
Frederick Bromberg Of Bromberg & Company Acquires Retail Asset In Jacksonville For $4.865M
2044 San Marco Boulevard
See Similar DealsRetail9,260 SF
Sold 06/10/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$525
Total Square Footage:9,260 SF
Transaction Type:Sale
A retail asset located at 2044 San Marco Boulevard in Jacksonville was sold for $4,865,000. The property, encompassing 9,260 square feet and situated on 0.34 acres, features Underwood’s Jewelers and a Sherwin-Williams store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,865,000
- Square Footage: 9,260 SF
- Price Per Square Foot: $525
- Buyer: Frederick (Ricky) Bromberg - Bromberg & Company
- Seller: Kelly Burnett
- Lender: ServicFirst Bank
- Loan Amount: $3,700,000
The transaction involved Frederick (Ricky) Bromberg representing Bromberg & Company, which purchased the property from Kelly Burnett. The acquisition was financed through a mortgage from ServicFirst Bank, marking a significant deal in the Jacksonville market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,284.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,062.58
Annual Debt Service$276,750.98
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