Albert Ray Acquires Retail Property In Jacksonville Beach For $2.98M
280 3rd Street South
$2,980,000
$952/SF
Building Size
3,128 SF
Asset Type
Retail
Closing
Oct 12, 2023
AI
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
Jacksonville Beach 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
5.32%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93