Jose Castilla Purchases Retail Property At 5895 Roosevelt Blvd For $1.9M With Marcus & Millichap
5825 Roosevelt Boulevard
$1,900,000
$1,633/SF
Building Size
1,163 SF
Asset Type
Retail
Closing
Oct 5, 2026
About this deal
AI
The property involved in the transaction is a retail asset located at 5895 Roosevelt Blvd, Jacksonville. The sale price was $1,900,000 for a total square footage of 1,163, which translates to a price per square foot of $1,633.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 5895 Roosevelt Blvd
- Market: Jacksonville
- Square Footage: 1,163
- Price Per Square Foot: $1,633
- Buyer: Jose Castilla
- Seller: Mark Freitag & Albert Freitag
- Buyer's Representative: Jonathan De La Rosa, Eduardo Toledo & Jacob Suss - Marcus & Millichap
- Seller's Representative: Armond Aivazyan
Key stakeholders in this transaction include the buyer, Jose Castilla, and the sellers, Mark Freitag and Albert Freitag. The buyer's representation was provided by Jonathan De La Rosa, Eduardo Toledo, and Jacob Suss, who are affiliated with Marcus & Millichap, while the seller's representative is Armond Aivazyan.
On the Map
$1,900,000
$1,633/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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93