Real Sub LLC Acquires Retail Property In Jacksonville For $27.1M
335 Bartram Market Drive, Saint Johns, Florida 32259, United States
$27,122,000
$343/SF
Building Size
79,059 SF
Asset Type
Retail
Closing
Dec 29, 2021
About this deal
AI
Located at 335 Bartram Market Drive in Jacksonville, this retail property was recently sold in a closed transaction. The sale was completed on December 29, 2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $27,122,000
- Square Footage: 79,059
- Price Per Square Foot: $343
- Address: 335 Bartram Market Drive, Jacksonville
- Market: Jacksonville
The buyer of this property is Real Sub LLC, while the seller is Eastland, represented by J. Thomas Dodson & Arthur Lancaster.
This transaction showcases the active real estate market in Jacksonville, where this retail property was purchased for a significant amount. The sale price of $27,122,000 reflects the value of the property, which offers a generous square footage of 79,059. The purchase was made by Real Sub LLC, while Eastland, represented by J. Thomas Dodson & Arthur Lancaster, acted as the seller's representative.
Players
Saint Johns 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93