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

Property Image
SOLD
$1,320,000

Florida

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Retail17,104 SF
Sold 09/13/2023
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Property Image
SOLD

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

6011 103rd Street

See Similar Deals
Retail17,104 SF
Sold 09/13/2023

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:17,104 SF
Transaction Type:Sale

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

BUYER



Details

SOLD
IMAGE: Luke Feldman & Bryan J. Mickler DATE: 09/13/2023 ADDRESS: 6011 103rd Street MARKET: Jacksonville ASSET TYPE: Retail ~ ACRES: 1.33 BUYER: Luke Feldman & Bryan J. Mickler - Three Lions Real Estate Group SELLER: Jamal Shamieh & Wafa Shamieh Revocable Trust SALE PRICE: $1,320,000 SF: 17,104 ~ PPSF: $77 NOTE: Luke Feldman and Bryan J. Mickler of Three Lions Real Estate Group have acquired the Shops of Timuquana in Jacksonville for $1.32 million. The property, which spans 17,104 square feet on 1.33 acres and is 82% occupied, will undergo improvements and is strategically located near Amazon's last-mile facility and historic neighborhoods.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,689.69
Cash-on-Cash Return-1.27%
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