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5757 Beney Road

Lance Zar And Evan Rafinia Purchase Retail Asset From Demetree Brothers For $2.5M In Jacksonville
SOLDRetail

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

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.

Players

Matthew Clark

Colliers

Broker

$14.5M

vol

4 deals

Broker
Colliers
ColliersBrokerage
Evan Rafinia

Evan Rafinia

Buyer

$10.1M

vol

2 deals

Buyer

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