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Mason Ghaniabadi & Jordan Meehan Acquire Retail Portfolio For $26.05 Million With Seller's Rep Randy Blankstein

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SOLD
$26,050,000

North Carolina

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Retail69,529 SF
Sold 10/10/2025
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Property Image
SOLD

Mason Ghaniabadi & Jordan Meehan Acquire Retail Portfolio For $26.05 Million With Seller's Rep Randy Blankstein

2120 Skibo Road, 16978 Clover Road, 1303 Klumac Road, 2501 North Federal Highway, 5100 Daniels Parkway, 6280 20th Street, 6310 20th Street, 5709 Johnston Street, 1103 East Admiral Doyle Drive, 733 Brownswitch Road & 15299 Crossroads Parkway

See Similar Deals
Retail69,529 SF
Sold 10/10/2025
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Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$374
Total Square Footage:69,529 SF
Transaction Type:Sale

The property assets involved in this transaction include multiple retail locations across different markets. The sale encompasses addresses such as 2120 Skibo Road in Fayetteville, 1303 Klumac Road in Salisbury, 16978 Clover Road in Noblesville, IN, and several others including locations in Pompano Beach, Fort Myers, Vero Beach, Lafayette, New Iberia, Slidell, and Gulfport. The transaction was completed for a sale price of $26,050,000 with a total square footage of 69,529, resulting in a price per square foot of $375.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $26,050,000
  • Square Footage: 69,529
  • Price per Square Foot: $375
  • Buyer: Mason Ghaniabadi & Jordan Meehan - Spark Properties
  • Seller's Representative: Randy Blankstein - The Boulder Group
  • Market: Fayetteville & Salisbury, NC; Noblesville, IN; Fort Lauderdale, Fort Myers & Vero Beach, FL; Lafayette, New Iberia & Slidell, LA; Gulfport, MS

This transaction highlights Mason Ghaniabadi and Jordan Meehan as the buyers, representing Spark Properties. Randy Blankstein represented the seller in this deal through The Boulder Group, facilitating the successful transaction of these retail properties across various states.

Players

Randy Blankstein
70 deals$347.1M volume(847) 562-0003
BROKER

Details

SOLD
IMAGE: Jordan Meehan, Randy Blankstein & Mason Ghaniabadi DATE: 10/10/2025 ADDRESS: 2120 Skibo Road, Fayetteville & 1303 Klumac Road, Salisbury; 16978 Clover Road, Noblesville, IN; 2501 North Federal Highway, Pompano Beach; 5100 Daniels Parkway, Fort Myers; 6280 20th Street, & 6310 20th Street, Vero Beach; 5709 Johnston Street, Lafayette; 1103 East Admiral Doyle Drive, New Iberia; & 733 Brownswitch Road Slidell; 15299 Crossroads Parkway, Gulfport MARKET: Fayetteville & Salisbury, NC; Noblesville, IN; Fort Lauderdale, Fort Myers & Vero Beach, FL; Lafayette, New Iberia& Slidell, LA & Gulfport, MS ASSET TYPE: Retail BUYER: Mason Ghaniabadi & Jordan Meehan - Spark Properties SELLER'S REP: Randy Blankstein (@RandyBlankstein) - The Boulder Group (@BoulderGroup) SALE PRICE: $26,050,000 SF: 69,529 ~ PPSF: $375

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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