Mark Manheimer Of NETSTREIT LP Acquires Jacksonville Grocery Properties From Robert A. Rowe For $17M

Two grocery properties located at 5435 Blanding Boulevard and 9866 Baymeadows Road in Jacksonville were sold for a combined price of $17 million. The property at 5435 Blanding Road comprises 147,232 square feet, which sold for $9.7 million, while the Baymeadows Road location sold for $7.3 million. Both properties are currently operating as Rowe’s IGA Supermarkets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,000,000
• Buyer: Mark Manheimer - NETSTREIT LP
• Seller: Robert A. Rowe
• Location: 5435 Blanding Boulevard & 9866 Baymeadows Road, Jacksonville
• Square Footage: 147,232 at 5435 Blanding Boulevard
• Second property's sale price: $7.3 million

Mark Manheimer represented NETSTREIT LP in this transaction, while Robert A. Rowe was the seller of the properties involved in the sale. The buyer's affiliate, NS Retail Holdings, acquired both properties from the seller.