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4530 Saint Johns Avenue

David Lukes Of Curbline Properties Corp Acquires Six Retail Centers From Peter Sleiman For $86.3M
SOLDRetail

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

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.

Players

David Lukes

Buyer

$1.6B

vol

28 deals

Buyer

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