Commercial real estate brokerage firm RIPCO Real Estate announced April 28 it brokered the sale of an Orange Park Home Depot at an undisclosed price.
On 11 acres at 1919 Wells Road off Blanding Boulevard, the 108,578-square-foot building has housed the national hardware chain since the building was constructed in 1992.
RIPCO represented seller Ben Mallah, a real estate investor who says he has a $500 million real estate portfolio and more than 1 million YouTube subscribers.
RIPCO’s Executive Vice President Ari Ravi and Managing Director Nathan Timmons oversaw the deal.
“This transaction reflects continued investor demand for high-quality net lease assets backed by strong national tenants,” Ravi said in a news release.
“The Home Depot’s longstanding presence at this location, combined with the strength of the surrounding retail corridor, made this a compelling opportunity for both buyer and seller.”
Founded in 1991, RIPCO Real Estate provides investment sales, leasing and debt services across multiple asset classes, including retail, industrial and multifamily.
As of April 29, the Home Depot acquisition, including the buyer and sales price, had not been made public by the Clay County Clerk of the Court and Comptroller website.
