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 March 16-22.

  • By Scott Sailer
  • | 5:10 a.m. March 26, 2020
  • | 5 Free Articles Remaining!
The Reserve at Nocatee apartments sold for $56.4 million. The 20-acre community was built in 2018.
The Reserve at Nocatee apartments sold for $56.4 million. The 20-acre community was built in 2018.
  • Real Estate
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ST. JOHNS

$56,409,750

215 Hunters Lake Way, Nocatee

Type: The Reserve at Nocatee apartments

Parcel size: 20 acres

No. of units: 244

Buyer: Passco Nocatee DST

Seller: Chadbourne III LLC

DUVAL

$11,234,938

8370 Philips Highway, Jacksonville

Type: Industrial

Parcel size: 10 acres

Building size: 162,998 square feet

Buyer: Spirit Master Funding X LLC

Seller: Mac Paper Converters LLC

Previous sale: $1,500,000 in 1986

DUVAL

$7,929,518

3300 Philips Highway, Jacksonville

Type: Office and undeveloped property

Parcel size: 8.4 acres

Building size: 45,000 square feet

Buyer: Spirit Master Funding X LLC

Seller: Mac Papers Inc.

Previous sale: $3,726,600 in 2008

DUVAL

$6,150,000

5220 Shad Road, Jacksonville

Type: Office distribution

Parcel size: 7.01 acres

Building size: Three buildings totaling 80,070 square feet

Buyer: DG Industrial Portfolio I Property Owner L.P.

Seller: NES Realty ADA Compliant Limited Partnership

Previous sale: $3,350,000 in 2015

DUVAL

$5,750,000

Malnove Drive, Jacksonville

Type: Undeveloped industrial 

Parcel size: 44.13 acres

Buyer: CG 7600 LP

Seller: Imeson Consolidated Services LLC

DUVAL

$4,773,738

3350 Philips Highway, Jacksonville

Type: Office and warehouse

Parcel size: 2.85 acres

Building size: Two buildings totaling 69,000 square feet

Buyer: Spirit Master Funding X LLC

Seller: Mac Papers Inc.

Previous sale: $2,303,709 in 1990

DUVAL

$4,500,000

12705 Beach Blvd., Jacksonville

Type: Undeveloped 

Parcel size: 4.99 acres

Buyer: St. Vincent’s Health System Inc.

Seller: West Kernan Loan Acquisition LLC

DUVAL

$3,750,000

Prudential Drive, Jacksonville

Type: Southbank Apartments

Parcel size: 2.89 acres

Buyer: Southbank Multifamily LLC

Seller: Hines SSGP Riverpointe LLC

DUVAL

$3,672,451

Jacksonville

Type: 18 residential homes

Parcel size: Not available

Buyer: ALTO Asset Co. 2 LLC

Seller: MUPR 3 Assets LLC

DUVAL

$3,510,000

11900 McCormick Road, Jacksonville

Type: CVS

Parcel size: 2.14 ares

Building size: 15,238 square feet

Buyer: Hillside Building Partners LLC and Parkside Building Partners LLC

Seller: BW McCormick LLC


 

 

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