Properties
Regency Marketplace
Stabilized1200 Regency Blvd · Jacksonville, FL · Retail · Dragonfly Value-Add Fund II
Value
$48.5M
Basis
$41.0M
NOI
$3.1M
Occupancy
94%
Debt
$28.0M
Cap rate
6.4%
Business plan
Grocery-anchored center, 94% leased. Anchor renewal under negotiation. Evaluate refinance vs. hold; strong candidate for supplemental financing.
Strategy
Core-plus hold; anchor renewal in progress
Hold period
Hold
Acquired
Sep 9, 2021
Square footage
184,000 SF
Asset manager
A. Reyes
Lender
Metropolitan Bank
Readiness scores
Sale82/100
Refinance88/100
Blocking readiness
- •Anchor (Ace Hardware) renewal unsigned
- •CAM reconciliation Q2 pending
Alerts
- Ace Hardware lease expires Dec 31 — renewal notice due Sep 30
- SunState Fitness delinquent — $58.5K balance