KPR Centers Sells 174,037 SF Retail Center In Orange Park Florida With Cushman & Wakefield
661 Blanding Boulevard
Building Size
174,037 SF
Asset Type
Retail
Closing
May 11, 2026
About this deal
AI
The sale involved a retail asset known as Bolton Plaza, which spans 174,037 square feet and is located at 661 Blanding Boulevard in Orange Park, FL. This fully leased grocery-anchored center is occupied by national retailers including Aldi, Academy Sports + Outdoors, LA Fitness, and Marshalls.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 661 Blanding Boulevard
- Market: Orange Park, FL
- Asset Size: 174,037 SF
- Seller: Daniel Katz - KPR Centers
- Brokers: Mark Gilbert, Adam Feinstein & Mitchell Halpern - Cushman & Wakefield
The brokerage team from Cushman & Wakefield facilitated the transaction on behalf of KPR Centers, successfully selling the property to a private investor. The deal illustrates the ongoing demand from investors in stabilized suburban retail properties that offer reliable cash flow.
On the Map
Retail
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Players
Orange Park Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93