One Riverside LLC Acquires 3.3 Acre Retail Parcel From Jeff Fuqua For $23.3M In Jacksonville
1 Riverside Avenue
$23,300,000
Building Size
—
Asset Type
Retail
Closing
Sep 16, 2026
About this deal
AI
The property asset involved in this transaction is a 3.3-acre retail parcel located at 1 Riverside Avenue in Jacksonville, FL. The sale price for this retail property was $23,300,000. The site includes tenants such as Whole Foods, Solidcore, Salty Donut, and Demma Aesthetics, contributing to its market value.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,300,000
- Buyer: One Riverside LLC
- Seller: Jeff Fuqua - Fuqua Development
- Date of Sale: 09/16/2026
- Acres: 3.3
- Market: Jacksonville, FL
This transaction marks the completion of Fuqua Development's selloff of its One Riverside holdings. Prior to this sale, Fuqua Development sold the multifamily parcel for $15.5 million in 2022. The deal showcases the ongoing commercial interest in the Jacksonville market, particularly following the openings of Whole Foods and Solidcore.
On the Map
$23,300,000
Retail
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Players
Riverside Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93