Lance Zar And Evan Rafinia Purchase Retail Asset From Demetree Brothers For $2.5M In Jacksonville
5757 Beney Road
$2,500,000
$189/SF
Building Size
13,200 SF
Asset Type
Retail
Closing
Jun 12, 2025
About this deal
AI
The retail asset located at 5757 Beney Road in the Jacksonville market has been sold for a total of $2,500,000. The property encompasses a total square footage of 16,105, resulting in a price per square foot of $155.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 5757 Beney Road
- Market: Jacksonville
- Square Footage: 16,105
- Price per Square Foot: $155
- Buyer: Lance Zar & Evan Rafinia
- Seller: Demetree Brothers
- Brokers: Sam Middlekauff, Matthew Clark & Olivia Steinemann - Colliers
The transaction involved key individuals including buyers Lance Zar and Evan Rafinia, and sellers Demetree Brothers. The brokerage team representing the transaction consisted of Sam Middlekauff, Matthew Clark, and Olivia Steinemann from Colliers, facilitating the sale of the retail property.
On the Map
$2,500,000
$189/SF
Retail
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Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93