David Lukes Of Curbline Properties Corp Acquires Six Retail Centers From Peter Sleiman For $86.3M
4530 Saint Johns Avenue
$86,300,000
Building Size
—
Asset Type
Retail
Closing
Mar 10, 2025
About this deal
AI
Curbline Properties Corp acquired six retail centers located at 4524, 4509 & 4530 Saint Johns Avenue; 9680 & 9660 Argyle Forest Boulevard; 8221 Southside Boulevard; 10400 San Jose Boulevard; 465 State Road 13 North; 2225-2245 County Road 210 West in the Jacksonville, St Johns & St. Augustine market for a total transaction amount of $86,300,000. The assets included Roosevelt Plaza, Oakleaf Crossing, Deerwood Station, Carrie Plaza, Julington Station, and Southlake Plaza.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $86,300,000
- Buyer: David Lukes - Curbline Properties Corp
- Seller: Peter Sleiman - Peter Sleiman Development Group
- Date of Transaction: 03/10/2025
This transaction marks Curbline Properties Corp's first ventures into the Northeast Florida region, securing the properties from LLCs associated with Peter Sleiman Development Group.
On the Map
$86,300,000
Retail
View full map
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Jacksonville retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93