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1750 Wells Road
SOLD

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

1750 Wells Road

Mixed-use
35,020 SF
clock iconSold 31 days ago
Daniel Burkhardt
Austin Kay
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Summary

Sale
FLORIDA
Mixed-use
35,020 sqft

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.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Daniel Burkhardt's profile picture
Daniel Burkhardt
NAI Global-image
Senior Vice President
$25.5M Sold
Austin Kay's profile picture

Details

Deal Summary
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SOLD
IMAGE: 06/12/2024 ADDRESS: 1750 Wells Road MARKET: Orange Park ASSET TYPE: Mixed-use ~ ACRES: 2.6 BUYER: Lincoln Memorial University SELLER: Bayberry Wells Leasing LLC BROKERS: Austin Kay & Daniel Burkhardt - NAI Capital SALE PRICE: $4,680,000 SF: 35,020 ~ PPSF: $134 NOTE: An office and retail building at 1750 Wells Road in Orange Park sold for $4.68 million to Lincoln Memorial University. NAI Hallmark announced the sale, noting the 35,020-square-foot property features advanced HVAC controls, security systems, and backup power, and was previously sold in 2017 for $5.25 million. -use

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Address1750 Wells Road

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