Top commercial sales of the week

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Clay, Duval and St. Johns counties. The sales were recorded March 21-27, 2022.

  • By Daily Record Staff
  • | 4:30 a.m. March 31, 2022
  • | 5 Free Articles Remaining!
Ravella Apartments LLC of St. Louis, Missouri, sold the Ravella at Town Center apartments March 10 to a Tampa company for $92.4 million.
Ravella Apartments LLC of St. Louis, Missouri, sold the Ravella at Town Center apartments March 10 to a Tampa company for $92.4 million.
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DUVAL

$92,412,000

4674 Town Center Parkway, Jacksonville

Type: Ravella at Town Center

Parcel size: 5.58 acres

No. of units: 306

Buyer: CX Ravella at Town center DST

Seller: Ravella Apartments LLC

Previous sale: $67,755,000 in 2019

DUVAL

$32,750,000

12350 San Jose Blvd., Jacksonville

Type: HarborChase of Mandarin

Parcel size: 4.11 acres

Building size: 132,988 square feet

Buyer: KRE Mandarin Propco LLC

Seller: VC Mandarin Senior Housing Ltd.

DUVAL

$24,000,000

1706 Art Museum Drive, Jacksonville

Type: Midtown Oaks apartments

Parcel size: 10.44 acres

No. of units: 176

Buyer: Midtown Oaks Apts LP and Midtown Oaks Apts II LLC

Seller: Midtown Oaks Property Owner LLC, Midtown Oaks Property Owner 2 LLC, Midtown Oaks Property Owner 3 LLC, Midtown Oaks Property Owner 4 LLC

DUVAL

$7,388,770

1057 Broward Road, Jacksonville

Type: Motel

Parcel size: 8.65 acres

Building size: 82,442 square feet

Buyer: 1057 Broward Landing LLC

Seller: Jax 1057 Broward LLC

Previous sale: $3,000,000 in 2020

CLAY

$5,000,000

1725 Eagle Harbor Parkway, Fleming Island

Type: Scrubbles

Parcel size: 1.4 acres

Building size: 13,239 square feet

Buyer: Realty Income Properties 10 LLC

Seller: Fleming Island Express Wash LLC

ST. JOHNS

$4,550,000

11321 Old Dixie Highway, Ponte Vedra

Type: Open storage

Parcel size: 5.05 acres

Buyer: SWC Property Co 1 LLC

Seller: ODH Properties LLC

Previous sale: $800,000 in 2006

ST. JOHNS

$3,387,500

Morgans Treasure Drive, St. Augustine

Type: 50 residential lots in Morgan’s Cove

Parcel size: Not available

Buyer: LGI Homes-Florida LLC

Seller: Morgans Cove Ventures LLC

ST. JOHNS

$2,800,000

U.S. 1 North, Ponte Vedra

Type: Open storage

Parcel size: 4 acres

Buyer: SWC Property Co 4 LLC

Seller: US 1 Boat & RV Storage Inc.

Previous sale: $800,000 in 2018

DUVAL

$2,400,000

4933 University Blvd. W., Jacksonville

Type: Commercial

Parcel size: 0.66 acres

Building size: 5,738 square feet

Buyer: Savlan NNN1 AK Jax FL LLC

Seller: FC RE Holdings LLC

Previous sale: $850,000 in 2016

ST. JOHNS

$2,314,430

Saint Johns

Type: Six rental homes

Parcel size: Not available

Building size: Not available

Buyer: P5 2021-2 Borrower LLC

Seller: Zillow Homes Property Trust

 

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