Sumit Roy Of Realty Income Acquires Retail Property In Jacksonville For $8.4M
10207 Buckhead Branch Drive
$8,400,000
$440/SF
Building Size
19,092 SF
Asset Type
Retail
Closing
Apr 1, 2026
AI
The retail asset located at 10207 Buckhead Branch Drive in Jacksonville was sold for $8,400,000. This property spans 19,092 square feet and occupies 1.67 acres. The price per square foot for this transaction amounts to $440.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Address: 10207 Buckhead Branch Drive
- Market: Jacksonville
- Acres: 1.67
- Square Footage: 19,092
- Price per Square Foot: $440
- Buyer: Sumit Roy - Realty Income
- Seller: AFG-JAX TC LLC
MDC Coast 16 LLC, affiliated with Realty Income, facilitated the acquisition of the property, which includes a La-Z-Boy store at St. Johns Town Center. This location was developed in 2007 and had a previous sale in 2015 for $5.99 million, currently remains operational under La-Z-Boy’s management.
Players
Jacksonville 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93