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1910 Wells Road

Camilo Varela And Howard Levine Of Second Horizon Capital Acquire Orange Park Mall For $65.5M
SOLDRetail

Camilo Varela And Howard Levine Of Second Horizon Capital Acquire Orange Park Mall For $65.5M

1910 Wells Road

$65,500,000

$68/SF

Building Size

950,000 SF

Asset Type

Retail

Closing

Aug 20, 2025

AI

The retail asset located at 1910 Wells Road spans 59.6 acres and includes a total square footage of 950,000. The market for this property is Orange Park, with a sale price of $65,500,000. The price per square foot for this transaction amounts to $69.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $65,500,000
  • Buyer: Camilo Varela & Howard Levine - Second Horizon Capital
  • Seller: Christopher Conlon - Washington Prime Group
  • Market: Orange Park
  • Date of Sale: 08/20/2025
  • Acres: 59.6
  • Square Feet: 950,000
  • Price per Square Foot: $69

Camilo Varela and Howard Levine, representing Second Horizon Capital, are the buyers involved in this transaction, while Christopher Conlon represents Washington Prime Group as the seller. The buyer intends to invest in upgrades, infrastructure, and community programming following the acquisition.

Players

Howard Levine

Second Horizon Capital

Broker

$121.8M

vol

2 deals

Broker
Camilo Varela

Camilo Varela

Second Horizon Capital

Buyer

$121.8M

vol

2 deals

Buyer
Christopher Conlon

Christopher Conlon

Washington Prime Group

Seller

$591.2M

vol

10 deals

Seller

Orange Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93