Reliable Property Investments Sells Fruit Cove Retail Property For $5.3M
SOLD
$5,300,000
Florida
See Similar DealsRetail30,300 SF
Sold 01/04/2022
SOLD
Reliable Property Investments Sells Fruit Cove Retail Property For $5.3M
616 State Road 13, Jacksonville, Florida 32259, United States
See Similar DealsRetail30,300 SF
Sold 01/04/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$174
Total Square Footage:30,300 SF
Transaction Type:Sale
Located at 616 State Rd 13 in Fruit Cove, FL, this retail property spans across 4 acres. The property, with an area of 30,300 square feet, was recently sold by Reliable Property Investments for a total price of $5,300,000. The sale price per square foot is $175, while the lot size is 174,240 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Square Feet: 30,300
- Price Per Square Foot: $175
- Lot Size: 174,240 square feet
The sale of this retail property was facilitated by the brokers Chad E. Atwood, Jessica Harris, and Simon V. Grigoryan from Marcus & Millichap. They played a vital role in connecting the seller, Reliable Property Investments, with the buyer to complete the transaction successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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