Cleeman Realty Group is pleased to announce the sale of a Rowe’s IGA grocery property located at 9866 Old Baymeadows Road in Jacksonville, FL. The 58,008-square-foot property is situated on 5.73 acres within the established Baymeadows retail corridor. The asset sold for $7,300,000.
Sam Seelenfreund and Morris Ades of Cleeman Realty Group represented both the purchaser and seller in this transaction. The buyer was attracted to the property’s strong infill location, established grocery tenancy, and long-term fundamentals within one of Jacksonville’s primary retail corridors.
“This transaction highlights the continued demand for well-located, necessity-based retail assets in strong Florida markets,” said Seelenfreund, SVP at Cleeman Realty Group. “Investors remain focused on grocery properties that offer durable traffic drivers and stable long-term income.”
Cleeman Realty Group continues to be a leader in advising and facilitating transactions for grocery-anchored and net-leased retail properties nationwide.
For more information about Cleeman Realty Group and its services, please visit www.cleeman.com.
About Cleeman Realty Group: Cleeman Realty Group specializes in the sale of retail and net-leased properties across the United States, providing strategic advisory services to investors, developers, and property owners. With a proven track record of success, the firm remains dedicated to delivering superior market insight and transaction expertise.