HFF Closes on Jacksonville Mixed-Use Sale
- Jul 07, 2016
The retail and office center was acquired by Big Score Investors LLC, a private company based in the Dallas suburb of The Colony for $2.8 million. HFF marketed the asset on behalf of the seller, Maple Blue Way LLC, an entity related to Garrison Investment Group. The HFF investment sales team representing the seller was led by Associate Directors Whitaker Leonhardt and Sean Ryan.
Built in 2006, the center comprises two 47,548-square-foot, two-story buildings, and a total of 300 parking spaces. The property is home to a variety of office tenants, and includes approximately 20,000 square feet of retail according to Yardi Matrix.
Situated on 5.6 acres at 400-420 College Drive, Doctors Inlet Center is located at the epicenter of Clay County’s largest healthcare providers, including the 297-bed Orange Park Medical Center, 124-bed St. Vincent’s Medical Clay County and outpatient facilities Nemours Children’s Specialty Care Fleming Island and Baptist Clay Medical Center.
”True value-add acquisition opportunities are fewer and further between and continue to command the attention of active investors,” said Leonhardt in prepared remarks. “The center has a good base of existing tenants to build from the quality of construction.”
Photo courtesy of Yardi Matrix.