Top commercial sales of the week

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval and St. Johns counties. The sales were recorded Dec. 2-6.

  • By Scott Sailer
  • | 5:20 a.m. December 12, 2019
  • | 5 Free Articles Remaining!
A St. Louis-based developer and investor paid $67.75 million Dec. 3 for the 306-unit Ravella at Town Center apartments.
A St. Louis-based developer and investor paid $67.75 million Dec. 3 for the 306-unit Ravella at Town Center apartments.
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DUVAL

$67,755,000

4674 Town Center Parkway, Jacksonville

Type: Ravella at Town Center apartments

Parcel size: 5.58 acres

Buyer: Ravella Apartments LLC

Seller: Stanmore ADEF Jax Owner LLC

DUVAL

$9,325,000

9047 San Jose Blvd., Jacksonville

Type: Beauclerc Bay Apartments

Parcel size: 5.36 acres

Buyer: Lighthouse Jax LLC

Seller: PCH Bay Apartments LLC

Previous sale: $6,750,000 in 2019

DUVAL

$7,788,000

5821 San Juan Ave., Jacksonville

Type: Villas at Cedar Creek apartments

Parcel size: 4.96 acres

Buyer: 5821 San Juan Avenue LLC

Seller: TNS Property Investments LLC and Villas CC 118 LLC

Previous sale: $4,814,000 in 2017

DUVAL

$7,700,000

8000 and 8001 Belfort Parkway, Jacksonville

Type: Two single-story office warehouse buildings

Parcel size: 26.05 acres

Building size: Two buildings of 50,400 and 36,000 square feet

Buyer: RLFED Belfort LLC

Seller: Acorn Belfort Park LLC

DUVAL

$6,011,933

7147 Merrill Road, Jacksonville

Type: Johnny Clean Car Wash

Parcel size: 1.33 acres

Building size: 11,501 square feet

Buyer: CH Realty VIII CW FL Johnny Clean I LLC

Seller: JCCW 1-3 LLC

ST. JOHNS

$5,419,808

2680 Race Track Road, Julington Creek

Type: CVS Pharmacy

Parcel size: 2.58 acres

Building size: 16,196 square feet 

Buyer: MDC Coast 19 LLC

Seller: ARCP CV Jacksonville FL LLC

Previous sale: $6,452,900 in 2014

CLAY

$4,750,000

1775 Wells Road, Orange Park

Type: Outback Steakhouse

Parcel size: 1.92 acres

Building size: 6,644 square feet

Buyer: 106-108 Bayard Street Corp.

Seller: Bayard Coconut Creek Exchange II LLC

Previous sale: $4,548,200 in 2016

ST. JOHNS

$3,975,000

6050 U.S. 1 N. and 28 Binninger Drive, St. Augustine

Type: Vacant land and warehousing

Parcel size: Not available

Buyer: Richmond American Homes of Florida LP

Seller: North Creek Partners LLC

DUVAL

$3,966,639

4954 Town Center Parkway and 5064 Weebers Crossing Drive, Jacksonville

Type: 73.85% interest in Cheddar’s Scratch Kitchen and Scrubbles Express Wash

Parcels size: 2.29 acres

Building sizes: 7,849 and 12,251 square feet

Buyer: Pine19 Jacksonville FL LLC

Seller: CTO18 Jacksonville FL LLC

DUVAL

$3,720,000

7752 Lem Turner Road, Jacksonville

Type: Gas station, convenience store with car wash

Parcel size: 0.47 acres

Building size: 8,551 square feet for two buildings

Buyer: Boca Gas Company Holdings 2 LLC

Seller: First Coast Energy LLP

 

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