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
Orange Park 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93