Notable Sales Between 1/11/16 & 1/15/16
Colliers sold the Tuffy Automotive in Palm Coast for $2.42M. The building is 7,000 SF and leased to Tuffy on a NNN basis, with 10+ years remaining on the lease. The building also featured a small chiropractors office. The building traded within 4% of the list price.
121 Financial purchased a building at 701 Riverside Park (Riverside submarket) for $3.4M. The community credit union will move their headquarters to the building. The building is 3 stories, 43,170 SF and was built in 1980. Colliers represented the buyer in the transaction.
The Elks Building located in downtown sold for $4.5M, or $158/SF, to a CA buyer. The building was 92% leased at the time of the sale; tenants included Jimmy Johns, Bark and First Stop Urgent Care.
Terraces at Town Center sold for $39M or $144,444/unit. The 270 apartments were built in 2013. The land sold for $12.9M in 2007.
Posted on January 15, 2016, in JAX Business Journal, JAX Daily Record, Office, sale, Shopping Centers/Retailers, Single Tenant Net Leased (STNL), transaction, Transactions and tagged 121 Financial, Elks Building, Tuffy Automotive. Bookmark the permalink. Leave a comment.