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.
Jacksonville 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93