Last Mile Investments Acquires Retail Property In Jacksonville For $15.6M
2963 Dupont Ave, Jacksonville, FL, USA
$15,600,000
$390/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
May 13, 2020
AI
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.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93