Last Mile Investments Acquires Retail Property In Jacksonville For $15.6M
SOLD
$15,600,000
Florida
See Similar DealsRetail40,000 SF
Sold 05/13/2020
SOLD
Last Mile Investments Acquires Retail Property In Jacksonville For $15.6M
2963 Dupont Ave, Jacksonville, FL, USA
See Similar DealsRetail40,000 SF
Sold 05/13/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$390
Total Square Footage:40,000 SF
Transaction Type:Sale
The retail property located at 2963 Dupont Ave., Ste 2 in Jacksonville has been sold for a price of $15,600,000. The transaction took place on 05/13/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,600,000
- Square Footage: 40,000
- Price per Square Foot: $390
- Address: 2963 Dupont Ave., Ste 2, Jacksonville
- Market: Jacksonville
Last Mile Investments, represented by Ryan Moore, acquired the property from Skinner Bros. Realty, represented by Riley Skinner. The sale was facilitated by Bob Selton and Jason Ryals from Colliers International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$832,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,423.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,951.96
Annual Debt Service$887,423.50
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