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
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93