Black Horse Commercial, LLC Acquires Retail Property In Jacksonville For $7.78M
5451 Norwood Avenue, Jacksonville, Florida 32208, United States
$7,780,000
$40/SF
Building Size
192,705 SF
Asset Type
Retail
Closing
Jan 25, 2022
AI
Black Horse Commercial, LLC has acquired a retail property in Jacksonville at the address of 5451 & 5301 Norwood Ave & 5415-5625 Norwood Avenue. The sale was facilitated by Chad E. Atwood, Jessica Harris, and Simon V. Grigoryan from Marcus & Millichap. The transaction took place on January 26, 2022, with a sale price of $7,780,000. The retail property has a total area of 192,705 square feet, resulting in a price per square foot of $40.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $7,780,000
- Address: 5451 & 5301 Norwood Ave & 5415-5625 Norwood Avenue, Jacksonville
- Market: Jacksonville
- Buyer: Black Horse Commercial, LLC - Ariel Yisraelian
- Brokers: Chad E. Atwood, Jessica Harris & Simon V. Grigoryan - Marcus & Millichap
- Size: 192,705 square feet
- Price per Square Foot: $40
The acquisition of this retail property in Jacksonville was successfully completed by Black Horse Commercial, LLC, with the representation of their broker representatives Chad E. Atwood, Jessica Harris, and Simon V. Grigoryan from Marcus & Millichap. This transaction showcases the active real estate market in Jacksonville and highlights the strong demand for retail assets in the area.
Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.04%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93