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 May 13-17.

  • By Scott Sailer
  • | 5:10 a.m. May 23, 2019
  • | 5 Free Articles Remaining!
St. John’s Forest Apartments at 7925 Merrill Road sold for $55.6 million. That is 46.6% more than the community, previously called Avia St. Johns Apartments, sold for in 2016.
St. John’s Forest Apartments at 7925 Merrill Road sold for $55.6 million. That is 46.6% more than the community, previously called Avia St. Johns Apartments, sold for in 2016.
  • Real Estate
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$55,600,000

7925 Merrill Road, Jacksonville, Duval County

Type: St. John’s Forest Apartments 

Size: 40.06 acres

Buyer: PRCP-St. John’s Avondale LLC and PRCP- St. John’s Forest LLC

Seller: St. John Gardens LLC

Previous sale: $37,925,000 in 2016

$25,600,000

2681 University Blvd. N., Jacksonville, Duval County

Type: River City Landing Apartments

Size: 24.01 acres

Buyer: Toro JAX Property I LLC, DJ Montgomery LLC, DC Montgomery Property LLC and Direnzo Real Estate Management IV LLC

Seller: Heron Cove National LLC

Previous sale: $6,605,000 in 1996

$14,640,000

1607 and 1525 University Blvd. W., 5540 Stanford Road, Jacksonville, Duval County

Type: Lakewood Promenade shopping center

Size: 5.32 acres

Buyer: General Property Support Inc., Trustee of Lakewood North Land Trust

Seller: KRG Lakewood LLC

Previous sale: portion of $19,168,000 in 2013

$13,400,000

600 Wells Road, Orange Park, Clay County

Type: Wells Road Distribution Center

Size: 35.57 acres

Buyer: SIF Wells Road LLC

Seller: IC Industrial Sideco LLC

Previous sale: $11,340,000 in 2017

$7,850,000

2851 Henley Road, Green Cove Springs, Clay County

Type: Asbury Commons Shopping Center

Size: 6.99 acres

Buyer: FWI 45 LLC

Seller: Asbury Commons LLC

Previous sale: $8,300,000 in 2013

$7,256,000

San Pablo Parkway, Jacksonville, Duval County

Type: Undeveloped property

Size: Not available

Buyer: TFCC San Pablo LLC

Seller: Estuary LLC

$7,125,000

1526 University Blvd. W., Jacksonville, Duval County

Type: Lakewood Promenade shopping center

Size: 9.19 acres

Buyer: General Property Support Inc., Trustee of Lakewood North Land Trust

Seller: KRG Lakewood LLC

Previous sale: portion of $19,168,000 in 2013

$3,417,000

San Pablo Parkway, Jacksonville, Duval County

Type: Undeveloped residential property

Size: Not available

Buyer: Mattamy Jacksonville LLC

Seller: Estuary LLC

$1,700,000

2685 Florida 207, Elkton, St. Johns County

Type: Chevron service station

Size: 1.2 acres

Buyer: Walton Accommodations 23 LLC

Seller: James E. and Betty B. Allen

$1,630,000

83 Cedar St., St. Augustine, St. Johns County

Type: Penny Farthing Inn Bed and Breakfast

Size: 0.18 acres

Buyer: Pembroke CB LLC

Seller: David and Marie Watkinson

Previous sale: $955,182 in 2006

 

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