Midway 3728 flex office campus sold for $26.7 million

The property at 3728 Philips Highway last sold in 2018 for $10.05 million.

  • By Monty Zickuhr
  • | 11:45 a.m. August 27, 2024
  • | 4 Free Articles Remaining!
The Midway 3728 flex office campus at 3728 Philips Highway, south of Emerson Street.
The Midway 3728 flex office campus at 3728 Philips Highway, south of Emerson Street.
  • Real Estate
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Fort Lauderdale-based Suncap Real Estate Investments bought the Midway 3728 flex office campus in South Jacksonville on Aug. 14 for $26.7 million.

The property is at 3728 Philips Highway, south of Emerson Street. It is about 2 miles south of San Marco Square.

Suncap bought the property through Midway Park LLC. Suncap says on its website it is an investment fund manager that owns and operates income-producing commercial real estate. 

The seller was Greenville, South Carolina-based RealOp Investments through ROIB Central Bark LLC.

Midway 3728 comprises three single-story buildings totaling 217,691 square feet on 17.94 acres, all built in 1989.

Building 1 is 115,201 square feet; Building 2 is 60,034 square feet; and Building 3 is 42,456 square feet.

RealOp Investments bought the property for $10.05 million in 2018. It was then called Central Park Business Center.

Building tenants include Jacksonville Vet Center, Hanger Clinic and Meskel & Associates Engineering.

 

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