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6011 103rd Street

Luke Feldman & Bryan J. Mickler's Three Lions Real Estate Group Acquires Shops Of Timuquana In Jacksonville For $1.32M
SOLDRetail

Luke Feldman & Bryan J. Mickler's Three Lions Real Estate Group Acquires Shops Of Timuquana In Jacksonville For $1.32M

6011 103rd Street

$1,320,000

$77/SF

Building Size

17,104 SF

Asset Type

Retail

Closing

Sep 13, 2023

AI

The Shops of Timuquana in Jacksonville has been purchased by Luke Feldman and Bryan J. Mickler of Three Lions Real Estate Group for $1.32 million. This retail property spans 17,104 square feet and is situated on 1.33 acres. With an occupancy rate of 82%, the property is strategically located near Amazon's last-mile facility and historic neighborhoods.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,320,000
  • Square Footage: 17,104
  • Acres: 1.33
  • Address: 6011 103rd Street, Jacksonville
  • Market: Jacksonville

Luke Feldman and Bryan J. Mickler of Three Lions Real Estate Group have successfully acquired the Shops of Timuquana. The property is set to undergo improvements and offers a strategic location near key amenities such as Amazon's last-mile facility. Additionally, the property is conveniently situated near historic neighborhoods, enhancing its appeal to potential tenants and customers.

Players

TG
Three Lions Real Estate GroupBuyer
RT
Revocable TrustSeller

Jacksonville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.02%

Cash-on-Cash

-3.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93