The Canopy at Duval Station, an assisted living facility at 1035 Starratt Road in North Jacksonville, sold Feb. 13 for $17.5 million.<\/p>\n
The facility is at Webb Road near Starratt and Duval Station roads east of the Publix-anchored Duval Station Centre. It is northeast of First Coast High School.<\/p>\n
Rimrock Cos. of Lake City sold the property through Duval Station Holdings LLC.<\/p>\n
Foundry Commercial of Orlando purchased the property through FOF 3 Duval Station FL Owner LLC.<\/p>\n
Foundry Commercial took out a $11.46 million mortgage from First Citizens Trust of New York on Feb.13.<\/p>\n
The two story, almost 50,000-square-foot facility was built in 2022 on 8.71 acres at a value of $6.19 million. Marlin Construction Partners Inc. of Winter Garden was the contractor. <\/p>\n
Rimrock Cos. and Foundry Commercial were partners in the development of The Canopy at Duval Station. Rimrock was the primary developer and Foundry was the key investment and development partner.<\/p>\n
The facility has 64 private living units, according to the Duval County Property Appraiser\u2019s Office. They come in studio, one- and two-bedroom layouts with a choice of a villa, cottage or apartment configuration.<\/p>\n
Amenities include restaurant-style dining, crafts and game rooms, a beauty salon and barber, housekeeping, maintenance, scheduled transportation and social and wellness programs.<\/p>\n
It offers assisted living and memory care.<\/p>\n
The land sold for $875,000 in July 2021.<\/p>\n
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