Randy Marion Cadillac Acquires Claude Nolan Cadillac Property In Jacksonville For $13.75M

Randy Marion Cadillac of Jacksonville LLC has acquired Claude Nolan Cadillac, a dealership and property in Jacksonville, Florida. The purchase includes a 7.5-acre property located at 4700 Southside Boulevard. The property is situated in the Jacksonville market and is classified as a retail asset. The transaction took place on 06/05/2023.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,750,000
• Address: 4700 Southside Boulevard, Jacksonville, Florida
• Market: Jacksonville
• Acres: 7.5
• Buyer: Randy Marion Cadillac - Shawn Spencer
• Seller: 4616 Corp. - John Helmick Jr., Marc Helmick & Gayla Poythress
• Lender: Ally Bank
• SF: 48,865
• Price per square foot: $281

This acquisition signifies the expansion of Randy Marion Automotive Group beyond North Carolina. It is important to note that Claude Nolan Cadillac is now part of the Randy Marion Cadillac brand.