Hue Lam Acquires Retail Property In Jacksonville For $4.77M
SOLD
$4,772,796
Florida
See Similar DealsRetail14,330 SF
Sold 11/10/2022
SOLD
Hue Lam Acquires Retail Property In Jacksonville For $4.77M
7221 Normandy Blvd, Jacksonville, FL 32205, USA
See Similar DealsRetail14,330 SF
Sold 11/10/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$333
Total Square Footage:14,330 SF
Transaction Type:Sale
A retail property located at 7221 Normandy Blvd in Jacksonville has been sold for a price of $4,772,796. The property spans a total area of 14,330 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,772,796
- Address: 7221 Normandy Blvd, Jacksonville
- Market: Jacksonville
The buyer of the property is Hue Lam, while the seller is Allison McLeod representing SunTrust Equity Funding LLC. The transaction was facilitated by broker Rob DiFranco from the agency Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$254,549.10
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,956.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,625.49
Annual Debt Service$271,505.86
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