Gummakonda Properties, Inc Acquires Retail Property In College Park, Jacksonville For $5.15M

The retail property located at 10690 Lem Turner Road in College Park, Jacksonville, was recently sold in a closed transaction. The property spans approximately 5.67 acres and is situated in the College Park market.

Summary of transaction details

• Property Type: Retail
• Sale Price: $5,150,000
• Square Footage: 58,166
• Price per Square Foot: $89
• Date: 08/27/2022
• Buyer: Gummakonda Properties, Inc
• Seller: West Palm Property Investments, Inc
• Brokers: Simon V. Grigoryan & Edwinn Bruchman - The Simon Retail Group - Marcus & Millichap

The property was sold for a total price of $5,150,000, with a square footage of 58,166 and a price per square foot of $89. The transaction was facilitated by brokers Simon V. Grigoryan and Edwinn Bruchman of The Simon Retail Group, representing the buyer and seller, respectively.