Wagner Property Group Sells Publix-Anchored Retail Center In Jacksonville For $20.6M With TSCG
11341 Normandy Boulevard
$20,600,000
$351/SF
Building Size
58,691 SF
Asset Type
Retail
Closing
Jul 22, 2026
About this deal
AI
The Plaza at Normandy is a fully leased retail asset located at 11341 Normandy Boulevard in Jacksonville, FL. The property consists of 58,691 square feet and has a sale price of $20,600,000, translating to a price per square foot of $351. The shopping center is anchored by Publix and features a mix of national and local retailers as tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,600,000
- Sale Date: 07/22/2026
- Seller: Wagner Property Group
- Buyer's Representative: Laurie Ann Drinkwater - Marcus & Millichap
- Seller's Representatives: Anthony Blanco, Mallory Silva & Spencer Kinsella - TSCG (The Shopping Center Group)
- Property Square Footage: 58,691
- Price per Square Foot: $351
TSCG brokered the transaction on behalf of Wagner Property Group. The buyer acquired the asset through a 1031 exchange and the shopping center was fully occupied at the time of closing, highlighting its appeal to investors seeking stable income from established tenants.
On the Map
$20,600,000
$351/SF
Retail
View full map
Players
Normandy Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Mallory Silva to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93