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Walter Chin Purchases Retail Property At 5733 Roosevelt Boulevard And 50 McCoy Way For $4.699M

Property Image
SOLD
$4,699,000
Britt Raymond
Richard Dorfman
+ 1

Florida

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Retail10,000 SF
Sold 12/18/2024
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Property Image
SOLD

Walter Chin Purchases Retail Property At 5733 Roosevelt Boulevard And 50 McCoy Way For $4.699M

5733 Roosevelt Boulevard

See Similar Deals
Retail10,000 SF
Sold 12/18/2024
Britt Raymond
Richard Dorfman
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$469
Total Square Footage:10,000 SF
Transaction Type:Sale

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:

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

Haley Hasho
47 deals$378.2M volume(646) 840-8201
BROKER

Richard Dorfman
SRS Real Estate Partners
5 deals$39.7M volume
BROKER

Britt Raymond
SRS Real Estate Partners
11 deals$150.6M volume
BROKER

Kyle Fant
SRS Real Estate Partners
13 deals$158M volume
BROKER

Details

SOLD
IMAGE: Britt Raymond, Haley Hasho, Richard Dorfman & Kyle Fant DATE: 12/18/2024 ADDRESS: 5733 Roosevelt Boulevard & 50 McCoy Way MARKET: Jacksonville ASSET TYPE: Retail BUYER: Walter Chin BUYER'S REP: Haley Hasho (@HaleyHasho) - Exodus Capital (@ExodusCapital.cre) SELLER'S REP: Britt Raymond, Richard Dorfman (@RichDorfman) & Kyle Fant (@FantKyle) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $4,699,000 SF: 2,658 ~ PPSF: $1,768 NOTE FROM BROKER: Dutch Bros Portfolio purchased by a 1031 buyer in downtown Brooklyn.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$250,613.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,694.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,275.66
Annual Debt Service$267,307.89