Victor Fung Acquires Retail Property In Jacksonville, FL For $4.6M
SOLD
$4,595,000
Florida
See Similar DealsRetail3,937 SF
Sold 08/16/2023
SOLD
Victor Fung Acquires Retail Property In Jacksonville, FL For $4.6M
9725 Applecross Rd Jacksonville, FL 32222, USA
See Similar DealsRetail3,937 SF
Sold 08/16/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,167
Total Square Footage:3,937 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,325.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,782.64
Annual Debt Service$261,391.73
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