An investor group paid $4 million Jan. 6 for an 18,615-square-foot, two-story building on historic San Marco Square.
Frank Sanchez and brothers Jonathan and Ryan Davis bought the property at 2000-2006 San Marco Blvd. It was constructed in 1941.
The property houses three tenants on the first floor that comprise the Grape & Grain Exchange, Maple Street Biscuit Co. and a Chance Partners leasing office for the San Marco Promenade apartments.
The second floor houses the offices of Florida East Coast Industries, whose chief strategy officer is Husein Cumber; Tanuki Group Inc., led by Mike Schmidt of The Bearded Pig; Piper Homes LLC; and retired CSX CEO Michael Ward, co-founder of the Michael Ward and Jennifer Glock Foundation.
The investor group bought the property from Five and Ten Partners LLC, managed by longtime San Marco investors Joyce and Keith Kimball.
The investor group secured a mortgage from the seller for $3.5 million.
Jonathan Davis is principal at iRep Direct LLC, a media and marketing company.
Ryan Davis is president of Piper Homes and a member of the Jacksonville Historic Preservation Commission.
Sanchez is CEO of Finxact.
The Davis brothers are partners in the San Marco Theatre and in the property at 1958-1966 San Marco Blvd., which they bought with Cumber in October for $2.22 million.