831 First Street North LLC Acquires Retail Property In Jacksonville Beach For $5.5M
831 1st Street North, Jacksonville Beach, Florida 32250, United States
$5,505,000
$479/SF
Building Size
11,491 SF
Asset Type
Retail
Closing
May 12, 2022
AI
The retail property located at 831 1st St N in Jacksonville Beach has been sold for a total price of $5,505,000. The property has a total square footage of 11,491, resulting in a price per square foot of $479.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,505,000
- Address: 831 1st St N, Jacksonville Beach
- Market: Jacksonville Beach
The buyer of the property is 831 First Street North LLC, represented by Vera Duren. The buyer's representative in this deal is Amy Alloways from Berkshire Hathaway HomeServices. On the other hand, Ronald McVay from R.A. McVay Inc acted as the seller's representative.
Players
Jacksonville Beach 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93