Top commercial sales of the week

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded March 18-24, 2024.

  • By Daily Record Staff
  • | 12:00 a.m. March 28, 2024
  • | 4 Free Articles Remaining!
Fort Lauderdale-based Southeast Property Group acquired a two-property, 328-unit apartment portfolio at 5928 Firestone Road and 1601 Dunn Ave. in Jacksonville for $20.3 million. Southeast said that because the properties are distressed, Colonial Forest Apartments are being rebranded as The Belmont, and Northwood Apartments as Avenue at 1601. Southeast says a $9.7 million renovation is underway.
Fort Lauderdale-based Southeast Property Group acquired a two-property, 328-unit apartment portfolio at 5928 Firestone Road and 1601 Dunn Ave. in Jacksonville for $20.3 million. Southeast said that because the properties are distressed, Colonial Forest Apartments are being rebranded as The Belmont, and Northwood Apartments as Avenue at 1601. Southeast says a $9.7 million renovation is underway.
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DUVAL

$20,300,000

5928 Firestone Road and 1601 Dunn Ave., Jacksonville

Type: The Belmont and Avenue at 1601

Parcel size: 18.68 acres

No. of units: 328

Buyer: JAX 154 LLC and JAX 174 LLC

Seller: Colonial Forest Owner LLC and Northwood Owner LLC


DUVAL

$11,057,296

11470 San Jose Blvd., Jacksonville

Type: Daybreak Market

Parcel size: 3.19 acres

Building size: 14,101 square feet

Buyer: Exchangeright Net Leased Portfolio 67 DST

Seller: Plaza Street Fund 115 LLC


DUVAL

$10,500,000

10950 Normandy Blvd., Jacksonville

Type: Vehicle part sales and planned residential

Parcel size: 53.56 acres

Building size: 6,792 square feet

Buyer: Edward Rose Development Co. LLC

Seller: Normandy Yard Partnership-C LLC


DUVAL

$10,198,000

6655 Collins Road, Jacksonville

Type: Daybreak Market

Parcel size: 3.57 acres

Building size: 15,213 square feet

Buyer: Exchangeright Net Leased Portfolio 67 DST

Seller: Plaza Street Fund 118 LLC


ST. JOHNS

$8,460,000

Sage Brush Street, St. Augustine

Type: 196 residential lots in Stokes Landing

Parcel size: Not available

Buyer: D.R. Horton Inc.-Jacksonville

Seller: ADJ Stokes Landing LLC


DUVAL

$4,000,000

10950 Normandy Blvd., Jacksonville

Type: Vehicle parts sales and planned residential

Parcel size: 53.56 acres

Building size: 6,792 square feet

Buyer: Normandy Yard Partnership-C LLC

Seller: Damron Thompson Inc.


DUVAL

$3,500,000

7447 Salisbury Road, Jacksonville 

Type: Planned multifamily

Parcel size: 9.9 acres

Buyer: Orion Investments Enterprises LLC

Seller: Allstate Electrical Contractors Inc.

Previous sale: $925,000 in 1987


ST. JOHNS

$2,408,849

Hasler Avenue, St. Augustine

Type: 20 residential lots in Silver Meadows Phases 2 and 3

Parcel size: Not available

Buyer: Lennar Homes LLC

Seller: AG EHC II LEN Multi State 1 LLC


DUVAL

$2,265,000

6781 Dunn Ave., Jacksonville

Type: Popeyes Louisiana Kitchen 

Parcel size: 0.89 acre

Building size: 2,354 square feet

Buyer: The Singh Family Living Trust

Seller: DD&L Associates II LLC


DUVAL

$2,240,000

Salisbury Road, Jacksonville

Type: Planned multifamily

Parcel size: 33.06 acres

Buyer: Orion Investments Enterprises LLC

Seller: Cypress Plaza Properties Inc.

 

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