Walter Chin Purchases Retail Property At 5733 Roosevelt Boulevard And 50 McCoy Way For $4.699M
5733 Roosevelt Boulevard
$4,699,000
$469/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 18, 2024
AI
The property involved in the transaction is located at 5733 Roosevelt Boulevard & 50 McCoy Way in Jacksonville. This retail asset encompasses a total square footage of 2,658 and was sold for a price of $4,699,000, reflecting a price per square foot of $1,768.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,699,000
- Square Footage: 2,658
- Price Per Square Foot: $1,768
- Buyer: Walter Chin
- Buyer's Representative: Haley Hasho - Exodus Capital
- Seller's Representatives: Britt Raymond, Richard Dorfman & Kyle Fant - SRS Real Estate Partners
- Market: Jacksonville
This transaction featured key participation from the brokerage community, with Haley Hasho representing the buyer and the seller's interests managed by Britt Raymond, Richard Dorfman, and Kyle Fant. Additionally, the property was identified as part of a Dutch Bros Portfolio that was acquired by a 1031 buyer in downtown Brooklyn.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93