Mike Sales Of Nuveen Real Estate Acquires Crossings At Viera Shopping Center From SJC Ventures For $46M
2055 Viera Boulevard
$46,000,000
$242/SF
Building Size
190,000 SF
Asset Type
Retail
Closing
Apr 6, 2026
About this deal
AI
The retail property located at 2055 Viera Boulevard in Rockledge, Florida, consists of 190,000 square feet and was sold for $46 million, translating to a price per square foot of $242. This recently delivered asset is anchored by Whole Foods Market and also includes other tenants such as Miller’s Ale House, while separate parcels are occupied by Panda Express and Home Depot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46,000,000
- Buyer: Mike Sales - Nuveen Real Estate
- Seller: SJC Ventures
- Square Footage: 190,000
- Price Per Square Foot: $242
- Market: Rockledge
The buyer, Mike Sales, represents Nuveen Real Estate in this transaction, acquiring the property from SJC Ventures. The acquisition expands Nuveen Real Estate's portfolio in the retail sector within the region.
On the Map
$46,000,000
$242/SF
Retail
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Players
Rockledge 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93