Hue Lam Acquires Retail Property In Jacksonville For $4.77M
7221 Normandy Blvd, Jacksonville, FL 32205, USA
$4,772,796
$333/SF
Building Size
14,330 SF
Asset Type
Retail
Closing
Nov 10, 2022
AI
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.
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
3.32%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93