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The Related Group Acquires Retail Property In Jacksonville For $10M

Property Image
SOLD
$10,000,000
Joe Ayers
Cliff Taylor

Florida

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Retail5,581 SF
Sold 08/03/2020
the dealplayerscompscontact
Property Image
SOLD

The Related Group Acquires Retail Property In Jacksonville For $10M

835 Museum Circle, Jacksonville, FL, USA

See Similar Deals
Retail5,581 SF
Sold 08/03/2020
Joe Ayers
Cliff Taylor
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,791
Total Square Footage:5,581 SF
Transaction Type:Sale

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

Cliff Taylor
CBRE
Cliff Taylor
13 deals$606.8M volume
BROKER
Joe Ayers
CBRE
Joe Ayers
14 deals$624.3M volume
BROKER
Related Group
Related Group
BUYER
Related Group
Related Group
LENDER

Details

SOLD
IMAGE: Jeff Blau, Joe Ayers, Stephen Ross, J.P. Perez, Jorge M. Perez, Cliff Taylor & Jeff Robbins DATE: 08/03/2021 ADDRESS: 835 Museum Circle MARKET: Jacksonville ASSET TYPE: Retail BUYER: The Related Group SELLER: Anthony Candelino & Eugene Van Note BROKERS: Cliff Taylor & Joe Ayers - CBRE SALE PRICE: $10,000,000 ACRES: 3.34 ~ PPA: $2,994,012

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22