General Partnership Interest For Sale
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $181500
Net Profit / Cash Flow $175000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Need cash.
Description I am a 8.33% partner in a Florida General Partnership that owns two real estate parcels on Beach Boulevard on the Atlantic Ocean in Jacksonville Beach, Florida. The Partnership has a Land lease with Joe's Crab Shack. My interest receives $10,000 year in distributions. The price for my interest is $155,000 and would value the entire property at $1,860,000 which is 70% less than it's value. The CAP rate at my asking price is 9.4%. This is a distressed sale to raise cash ASAP. Email or call Jeff at 904-285-6482 for more details on this Property for sale.
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