Ben Meshel Purchases Retail Property At 4689 US Route 17 In Fleming Island For $8.25M
4689 Us Route 17
$8,250,000
$229/SF
Building Size
36,000 SF
Asset Type
Retail
Closing
May 6, 2026
AI
The retail asset located at 4689 US Route 17 in Fleming Island has been sold for $8,250,000. The property encompasses a total area of 36,000 square feet, resulting in a price per square foot of $229.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,250,000
- Address: 4689 US Route 17
- Market: Fleming Island
- Square Footage: 36,000
- Price Per Square Foot: $229
- Buyer: Ben Meshel
- Seller: Sagi Shaked
- Buyer's Representative: Lorne Gornitsky - KW Commercial
- Seller's Representative: Ofer Asor - Buy Direct Real Estate
In this transaction, Ben Meshel acted as the buyer, while Sagi Shaked was the seller. Lorne Gornitsky from KW Commercial represented the buyer, and Ofer Asor from Buy Direct Real Estate represented the seller in the deal.
Players
Orange 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93