Marcus & Millichap Brokers Sell Retail Property In Jacksonville For $4.15M
3860 University Boulevard West, Jacksonville, Florida 32217, United States
$4,150,000
$1,350/SF
Building Size
3,074 SF
Asset Type
Retail
Closing
Apr 5, 2022
AI
The retail property located at 3860 University Blvd. W in Jacksonville has been sold in a recent transaction. The sale was facilitated by brokers Donald Gilchrist and Ryan Nee of Marcus & Millichap. The property spans approximately 3,074 square feet and was sold for a price of $4,150,000, resulting in a price per square foot of $1,350.
Summary of transaction details
- Property Type: Retail
- Sale Price: $4,150,000
- Square Footage: 3,074
- Price Per Square Foot: $1,350
- Date: 04/06/2022
- Address: 3860 University Blvd. W.
- Market: Jacksonville
- Brokers: Donald Gilchrist & Ryan Nee - Marcus & Millichap
The transaction involved the collaboration of Donald Gilchrist and Ryan Nee, who represented the buyer and seller respectively. They played a pivotal role in successfully closing the deal for this retail property in Jacksonville.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93