Bruce Abbott Acquires Retail Property On W. Jackson Blvd. In Jonesborough, TN For $2.27M
SOLD
$2,273,500
Tennessee
See Similar DealsRetail2,700 SF
Sold 08/31/2021
SOLD
Bruce Abbott Acquires Retail Property On W. Jackson Blvd. In Jonesborough, TN For $2.27M
805 West Jackson Boulevard
See Similar DealsRetail2,700 SF
Sold 08/31/2021
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$842
Total Square Footage:2,700 SF
Transaction Type:Sale
The retail property located at 805 W. Jackson Blvd. in Jonesborough, TN has been sold. The transaction took place on 08/31/2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,273,500
- Square Footage: 2,700
- Price per Square Foot: $842
- Market: Jonesborough, TN
The property was purchased by Bruce Abbott from the seller, Janette Darnell. The buyer was represented by Pacific Partners Real Estate Investments & Sands Investment Group brokers.
Attached is an image of the property, captured by Zac Freehling, David Regalado, and Kaveh Ebrahimi.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,253.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,077.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,777.55
Annual Debt Service$129,330.60
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