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
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