Victor Fung Acquires Retail Property In Jacksonville, FL For $4.6M
9725 Applecross Rd Jacksonville, FL 32222, USA
$4,595,000
$1,167/SF
Building Size
3,937 SF
Asset Type
Retail
Closing
Aug 16, 2023
AI
A retail property located at 9725 Applecross Road in Jacksonville, FL has been sold for a price of $4,595,000. The property spans approximately 3,937 square feet, resulting in a price per square foot of $1,167. The transaction took place on August 16, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,595,000
- Address: 9725 Applecross Road, Jacksonville, FL
- Market: Jacksonville, FL
- Buyer: Victor Fung
- Seller: Paul Ferber
- Buyer's Representative: Benjamin Silver, Sebastian Misiewicz - CBRE
- Seller's Representative: Patrick Nutt - SRS Real Estate Partners
The buyer, Victor Fung, acquired the retail property from Paul Ferber. During the transaction, Benjamin Silver and Sebastian Misiewicz from CBRE represented the buyer, while Patrick Nutt from SRS Real Estate Partners acted as the seller's representative.
Players
Fort Lauderdale 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93