Brian Purcell Of Cuadra Capital Acquires Park & King Retail Center For $6.2M In Jacksonville
2665 Park Street
$6,200,000
$334/SF
Building Size
18,556 SF
Asset Type
Retail
Closing
Aug 26, 2026
About this deal
AI
The retail asset located at 2665 Park Street in Jacksonville, FL is comprised of 18,556 square feet and was sold for $6,200,000. This transaction involved the buyer, Brian Purcell of Cuadra Capital, acquiring the property from the seller, Alakai Capital LLC. The sale was financed through a mortgage of $5.1 million provided by United Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Buyer: Brian Purcell - Cuadra Capital
- Seller: Alakai Capital LLC
- Brokers: Sam Middlekauff, Matthew Clark & Olivia Steinemann - Colliers
- Lender: United Bank
- Square Footage: 18,556
- Price Per Square Foot: $334
The transaction was notable as Alakai Capital LLC had previously acquired the property for $4.6 million in 2023. Following the sale, the Colliers Urban Division will manage leasing activities for the center as it undergoes repositioning efforts.
On the Map
$6,200,000
$334/SF
Retail
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Players
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93