Hrpjack LLC Acquires Retail Property In Jacksonville For $5.6M
7911 Blanding Blvd, Jacksonville, FL 32244, USA
$5,625,000
$1,016/SF
Building Size
5,536 SF
Asset Type
Retail
Closing
Jun 14, 2020
About this deal
AI
Located at 7911 Blanding Boulevard in Jacksonville, this retail property was sold on July 23, 2020. The property spans 5,536 square feet and was sold at a price of $5,625,000, resulting in a price per square foot of $1,016. The transaction involved the buyer, Hrpjack LLC, Ehtjack LLC, Hhsjack LLC, Ajhjack LLC, and Ahsjack LLC, and the seller, Blanding & Collins LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,625,000
- Square Footage: 5,536
- Price per Square Foot: $1,016
- Address: 7911 Blanding Boulevard, Jacksonville
- Buyer: Hrpjack LLC, Ehtjack LLC, Hhsjack LLC, Ajhjack LLC, and Ahsjack LLC
- Seller: Blanding & Collins LLC
The buyers, Hrpjack LLC, Ehtjack LLC, Hhsjack LLC, Ajhjack LLC, and Ahsjack LLC, ensured the successful completion of this transaction. They were represented by their broker, [NAME] from [AGENCY].
Players
Jacksonville Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93