SOLD
Lykes Brothers Acquires 5.38 Acre Retail Property In Saint Johns For $18.2M
100 Little Cypress Drive
Retail
Sold 16 days ago
Summary
Sale
FLORIDA
Retail
The sale involved two properties totaling 5.38 acres located at 100 & 140 Little Cypress Drive in Saint Johns. The properties include a Winn-Dixie grocery store and other shopping center buildings accommodating businesses like Teriyaki Madness and St. Johns Nail Spa. The transaction amount was $18,200,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,200,000
- Buyer: Charles Lykes - Lykes Brothers
- Seller: Frank C. Gatlin III - Gatlin Development Co.
- Asset Size: 5.38 acres
- Market: Saint Johns
Lykes Brothers, based in Tampa, acquired the properties through its entity, 7L Cypress Plaza LLC, expanding its extensive holdings in Florida. Their portfolio spans over 610,000 acres, focusing on diverse enterprises like cattle, citrus, farming, forestry, and land management.
Details
SOLD
IMAGE: 05/01/2024
ADDRESS: 100 & 140 Little Cypress Drive
MARKET: Saint Johns
ASSET TYPE: Retail ~ ACRES: 5.38
BUYER: Charles Lykes - Lykes Brothers
SELLER: Frank C. Gatlin III - Gatlin Development Co.
SALE PRICE: $18,200,000
NOTE: Gatlin Development Co. recently sold part of its Grand Cypress development in St. Johns County to Lykes Brothers for $18.2 million. The sale involved two properties totaling 5.38 acres, including a Winn-Dixie grocery store and other shopping center buildings housing businesses like Teriyaki Madness and St. Johns Nail Spa. Lykes Brothers, based in Tampa, acquired these properties through its entity, 7L Cypress Plaza LLC, adding to its extensive holdings in Florida, which include over 610,000 acres focused on diverse enterprises like cattle, citrus, farming, forestry, and land management.View on map
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Address100 Little Cypress Drive
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