Frederick Bromberg Of Bromberg & Company Acquires Retail Asset In Jacksonville For $4.865M
2044 San Marco Boulevard
$4,865,000
$525/SF
Building Size
9,260 SF
Asset Type
Retail
Closing
Jun 10, 2025
AI
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.
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
3.26%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93