U-Haul Acquires Former Staples Location in Fernadina – CoStar Group

U-Haul Acquires Former Staples Location – CoStar Group.

From CoStar:
U-Haul Co. of Florida acquired 1830 S. 8th St. in Fernandina Beach, FL from Redus Properties, an entity of Wells Fargo, for $3 million, or about $43 per square foot.

The 69,766-square foot retail-with-warehouse property is situated on 6.94 acres and was built in 1985. Staples vacated part of the building in February of this year. U-Haul plans to renovate and occupy the property with the current tenant, AAAA Storage.

Robert Selton and Matt Entriken of Colliers International Northeast Florida were the sole brokers in the transaction

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on April 11, 2014, in Shopping Centers/Retailers, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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