Eric Fuller's Fuller Entertainment Inc. Acquires Retail Property In Jacksonville For $1.4M
323 East Bay Street, Jacksonville, FL, USA
$1,400,000
$87/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Jan 21, 2021
About this deal
AI
Located at 323 E. Bay Street in Jacksonville, this retail property was recently sold for $1,400,000. The sale took place on January 22, 2021, and the asset spans an area of 16,000 square feet. The price per square foot (PPSF) was $88. The property is situated in the Jacksonville market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 323 E. Bay Street, Jacksonville
- Market: Jacksonville
Eric Fuller of Fuller Entertainment Inc. purchased the property from Insetta Family Properties LLC, represented by Victor Insetta and Jonathan Insetta. The transaction was facilitated by Bobby Knight of Coastal Commercial Real Estate.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93