Colliers Investment Team Sells Tuffy Auto on Beach Boulevard

Colliers International Northeast Florida’s Investment Services Team just completed the sale of a Tuffy Auto Service Center in Jacksonville Beach. The property traded for $2,170,000 or $426 PSF. The 5,090 SF building was built in 2009 on just under 1 acre on Beach Boulevard. The property has a long term lease in place (2029 expiration) and was sold to a private investor out of Palm Beach Gardens. Colliers Investment team has several other net leased automotive properties for sale currently, including a Midas portfolio and a Jiffy Lube portfolio.

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 September 25, 2014, in Shopping Centers/Retailers, Single Tenant Net Leased (STNL), Transactions. Bookmark the permalink. Leave a comment.

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