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616 State Road 13, Jacksonv...

Reliable Property Investments Sells Fruit Cove Retail Property For $5.3M
SOLDRetail

Reliable Property Investments Sells Fruit Cove Retail Property For $5.3M

616 State Road 13, Jacksonville, Florida 32259, United States

$5,300,000

$174/SF

Building Size

30,300 SF

Asset Type

Retail

Closing

Jan 3, 2022

AI

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.

Players

Jessica Harris

Marcus & Millichap

Broker

$40.6M

vol

5 deals

Broker

Saint Johns 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93