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5733 Roosevelt Boulevard

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

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:

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

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

Jacksonville 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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93