Cornerstone Christian School of Jacksonville bought the 7.36-acre former YMCA property at 8301 Fort Caroline Road on Monday for $1.2 million.
The school intends to use the Arlington property as a sports complex for its students.
Donald Corley, chief financial officer and director of school operations, said in early February that the school had been looking for a gym near its campus.
“When this property became available, it matched our needs perfectly,” Corley said then.
The YMCA of Florida’s First Coast closed the two locations of its Arlington branch Jan. 1 citing increasing costs and declining participation.
It owned the Fort Caroline location and leased the 10131 Atlantic Blvd. site.
Cornerstone Christian School Inc. bought the property from The Young Men’s Christian Association of Florida’s First Coast Inc. Fidelity Bank issued a $960,000 mortgage to Cornerstone Christian on Monday.
Corley said the school anticipates an investment of $1.25 million to $1.4 million.
Cornerstone of Jacksonville Inc. previously applied for a Certificate of Use for the property.
The school is based at 9039 Beach Blvd., a 3-acre property with a 31,500-square-foot building.
The former YMCA property comprises 18,176 square feet of gymnasium and club space, property records show.
The private Cornerstone Christian School of Jacksonville was established in 2002. The nondenominational Christian school serves more than 380 students from pre-kindergarten through 12th grades, according to its website.
Michelle Moore, senior vice president and chief membership and marketing officer of the YMCA of Florida's First Coast, confirmed the sale of the location to Cornerstone Christian School.
"We have always been committed to ensuring that this location would be utilized in a way that best serves the community, and we believe Cornerstone Christian School will as well," Moore said Tuesday by email.
The Y announced in November it would close the Arlington Family YMCA’s two locations. Members can use other YMCA locations in Northeast Florida as part of the First Coast membership.
The city approved construction Monday for the Jenkins Hyundai dealership in East Arlington at a construction cost of $4.5 million.
Beeline Development Inc. is the contractor for the 34,000-square-foot project on 9.43 acres at 11107 Atlantic Blvd.
DRJ Land Co. Investments LLC owns the property.
Tom Formanek, president and CEO of Ocala-based Jenkins Automotive Group, said previously construction would take about nine months.
The site is between Jaguar Land Rover Jacksonville and Coggin Honda Jacksonville. Plans show two buildings — one for a showroom/office and one for service/parts.
Formanek estimated the investment will be about $9 million for land and construction.
DRJ Land Co. paid $4.15 million for the property in November 2016. Its principals are Donald Jenkins and Formanek.
Beeline Development Inc. built five of the Jenkins dealerships.
Jenkins Automotive Group operates Hyundai dealerships in Ocala and Leesburg in Florida and in Lithia Springs in Georgia.
It also owns Acura, Kia and Mazda dealerships in Ocala; Honda, Nissan and Volkswagen dealerships in Leesburg; and a Kia dealership in Gainesville.
The former Applebee’s at 13201 Atlantic Blvd. sold Feb. 15 for $1.7 million, according to a deed recorded Tuesday with the Duval County Clerk of Courts.
BW Atlantic 90 LLC of Tampa bought the property. Colliers International Executive Vice President Jason Ryals and Retail Associate Katherine Goodwin represented the buyer in the purchase of the 4,325-square-foot building. Brightwork Real Estate Inc., the buyer, plans to lease the space to an undisclosed national restaurant group.
Colliers said the building previously was owned by Doherty Enterprises Inc., an Applebee’s franchisee.
The selling entity was SCF FC Funding I LLC of Princeton, New Jersey.
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