SOLDRetail
The Related Group Acquires Retail Property In Jacksonville For $10M
835 Museum Circle, Jacksonville, FL, USA
$10,000,000
$1,791/SF
Building Size
5,581 SF
Asset Type
Retail
Closing
Aug 3, 2020
AI
The property involved in this transaction is a retail asset located at 835 Museum Circle in Jacksonville. The sale took place on August 3, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 835 Museum Circle, Jacksonville
- Market: Jacksonville
- Buyer: The Related Group
- Seller: Anthony Candelino & Eugene Van Note
- Brokers: Cliff Taylor & Joe Ayers - CBRE
- Acres: 3.34
- Price Per Acre (PPA): $2,994,012
The buyer in this transaction was The Related Group, while the sellers were Anthony Candelino & Eugene Van Note. The deal was facilitated by brokers Cliff Taylor & Joe Ayers from CBRE.
Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93