facebook
Traded Co logo
Submit

Albert Ray Acquires Retail Property In Jacksonville Beach For $2.98M

Property Image
SOLD
$2,980,000
Stephen Spiegel
Erick Vaysman

Florida

See Similar Deals
Retail3,128 SF
Sold 10/12/2023
the dealplayerscompscontact
Property Image
SOLD

Albert Ray Acquires Retail Property In Jacksonville Beach For $2.98M

280 3rd Street South

See Similar Deals
Retail3,128 SF
Sold 10/12/2023
Stephen Spiegel
Erick Vaysman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$952
Total Square Footage:3,128 SF
Transaction Type:Sale

An retail property located at 280 3rd Street South in Jacksonville Beach has been sold for a price of $2,980,000. The property spans across 3,128 square feet, resulting in a price per square foot of $953.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $2,980,000
  • Size: 3,128 square feet
  • Price Per Square Foot: $953
  • Address: 280 3rd Street South, Jacksonville Beach
  • Market: Jacksonville Beach

The buyer of the property was Albert Ray, while the seller was Joe Calo. The buyer was represented by Erick Vaysman from Silber Investment Properties, and the seller was represented by Stephen Spiegel, also from Silber Investment Properties.

Players

Stephen Spiegel
Silber Investment Properties
Stephen Spiegel
1 deal$3M volume(917) 592-3219
BROKER
Erick Vaysman
Silber Investment Properties
Erick Vaysman
2 deals$4.9M volume(631) 626-8324
BROKER

Details

SOLD
IMAGE: Stephen Spiegel & Erick Vaysman DATE: 10/12/2023 ADDRESS: 280 3rd Street South MARKET: Jacksonville Beach ASSET TYPE: Retail BUYER: Albert Ray SELLER: Joe Calo BUYER'S REP: Erick Vaysman (@ErickVaysman) - Silber Investment Properties (@SilberProperties) SELLER'S REP: Stephen Spiegel (@Stephen_Spiegel) - Silber Investment Properties SALE PRICE: $2,980,000 SF: 3,128 ~ PPSF: $953

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$158,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,587.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,126.72
Annual Debt Service$169,520.64