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Carmen And Rafael Godwin Purchase Retail Property In Jacksonville For $1.4 Million With Renasant Bank

Property Image
SOLD
$1,400,000

Florida

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Retail6,893 SF
Sold 12/19/2024
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Property Image
SOLD

Carmen And Rafael Godwin Purchase Retail Property In Jacksonville For $1.4 Million With Renasant Bank

38 Monroe Street West

See Similar Deals
Retail6,893 SF
Sold 12/19/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$203
Total Square Footage:6,893 SF
Transaction Type:Sale

The transaction involved the sale of a retail asset located at 231 North Laura Street and 38-44 Monroe Street West in Jacksonville. The properties were sold for a total price of $1,400,000 and encompass an area of 6,893 square feet on 0.08 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,400,000
  • Address: 231 North Laura Street & 38-44 Monroe Street West
  • Market: Jacksonville
  • Square Footage: 6,893
  • Price per Square Foot: $203
  • Buyer: Carmen & Rafael Godwin - Juliette Balcony
  • Seller: Charles Sears & Alfred Pavlis
  • Lender: Renasant Bank

Carmen and Rafael Godwin, through Urban Historic Core LLC, acquired the properties previously known as Mag’s Cafe. They plan to redevelop the acquired sites in collaboration with Avant Construction Group, which also relates to their nearby Juliette Balcony project that will feature short-term rental units and a ground-floor restaurant.

Players

Renasant Bank
Renasant Bank
LENDER

Details

SOLD
IMAGE: 12/19/2024 ADDRESS: 231 North Laura Street & 38-44 Monroe Street West MARKET: Jacksonville ASSET TYPE: Retail ~ ACRES: 0.08 BUYER: Carmen & Rafael Godwin - Juliette Balcony SELLER: Charles Sears & Alfred Pavlis LENDER: Renasant Bank SALE PRICE: $1,400,000 SF: 6,893 ~ PPSF: $203 NOTE: Carmen and Rafael Godwin purchased the former Mag’s Cafe property at 231 N. Laura St. and an adjacent retail building at 38-44 W. Monroe St. for $1.4 million through Urban Historic Core LLC. The Godwins, in partnership with Avant Construction Group, plan to redevelop the properties alongside their nearby Juliette Balcony project, which includes short-term rental units and a ground-floor restaurant.

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Debt Service Coverage Ratio (DSCR)

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