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Stockbridge Capital Group Acquires Retail Asset In Riverside, Jacksonville For $17.5M

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SOLD
$17,500,000

Florida

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Retail28,857 SF
Sold 07/23/2020
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SOLD

Stockbridge Capital Group Acquires Retail Asset In Riverside, Jacksonville For $17.5M

2033 Riverside Ave, Riverside, Jacksonville, FL, USA

See Similar Deals
Retail28,857 SF
Sold 07/23/2020
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$606
Total Square Footage:28,857 SF
Transaction Type:Sale

2033 Riverside Ave. in Riverside, Jacksonville, has been sold in a recent retail property transaction. The property was purchased by Stockbridge Capital Group, represented by Terry Fancher & Sol Raso, for a total price of $17,500,000. The property spans across 28,857 square feet, resulting in a price per square foot of $606. The seller in this transaction was North American Development Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,500,000
  • Address: 2033 Riverside Ave.
  • Market: Riverside, Jacksonville

Terry Fancher & Sol Raso, representing Stockbridge Capital Group, played a key role as the buyer in this retail property transaction. On the other hand, the seller, North American Development Group, successfully closed the deal. This transaction marks a significant investment in the Riverside area, demonstrating the ongoing growth and development in the local retail market.

Players

Terry Fancher
18 deals$1.1B volume
BUYER


SELLER

Details

SOLD
IMAGE: Terry Fancher & Sol Raso DATE: 07/23/2021 ADDRESS: 2033 Riverside Ave. MARKET: Riverside, Jacksonville ASSET TYPE: Retail BUYER: Stockbridge Capital Group - Terry Fancher & Sol Raso SELLER: North American Development Group SALE PRICE: $17,500,000 SF: 28,857 ~ PPSF: $606

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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