Lincoln Memorial University Acquires Mixed-Use Property In Orange Park For $4.68M

An office and retail building located at 1750 Wells Road in Orange Park was recently sold for $4.68 million. The property spans 35,020 square feet and was acquired by Lincoln Memorial University from the seller, Bayberry Wells Leasing LLC. The asset, with advanced HVAC controls, security systems, and backup power, changed ownership in this transaction. Notably, the property was previously sold in 2017 for $5.25 million.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $4,680,000
• Market: Orange Park
• Acres: 2.6
• Buyer: Lincoln Memorial University
• Seller: Bayberry Wells Leasing LLC
• Brokers: Austin Kay & Daniel Burkhardt - NAI Capital
• SF: 35,020
• PPSF: $134

The deal was facilitated by Austin Kay and Daniel Burkhardt from NAI Capital, who represented the buyer, Lincoln Memorial University, and the seller, Bayberry Wells Leasing LLC. The involvement of these brokers played a crucial role in ensuring the successful completion of this transaction, providing their expertise in navigating the sale of the office and retail building in Orange Park.