Proper CRE Represents Buyer in Strategic Acquisition of VyStar Credit Union Branch in North Jacksonville

Proper Capital & Real Estate recently represented the buyer in the acquisition of a VyStar Credit Union branch property located at 13075 North Main Street in Jacksonville, Florida. The 4,712-square-foot bank branch sold for $2.1 million and marks a strategic addition to the buyer’s existing ownership in the area.

What makes this transaction particularly significant is the property’s relationship to The Shoppes of North Main shopping center. The buyer already owns the adjacent retail center, and the VyStar branch serves as an outparcel to the development. Acquiring the property allows the ownership group to consolidate control of a key component of the center, creating long-term value and operational flexibility.

Situated on approximately 1.29 acres along North Main Street, the property benefits from 277 feet of frontage and exposure to an average of 12,700 vehicles per day. The standalone branch was constructed in 2011 and includes a four-lane drive-through, a dedicated ATM lane, and 33 parking spaces.

The location is positioned within one of Jacksonville’s growing commercial corridors, with convenient access to Interstate 95, Jacksonville International Airport, and River City Marketplace. Strong surrounding demographics and continued development activity in North Jacksonville contribute to the property’s appeal as a long-term investment.

This acquisition presented a unique opportunity for the client to strengthen its position within an already successful retail asset. By bringing the outparcel under the same ownership as the shopping center, the buyer is well-positioned to maximize the property’s long-term value and enhance the overall cohesion of the development.

The seller was represented by Traci Jenks of Cushman & Wakefield.

About Proper Capital & Real Estate

Proper Capital & Real Estate is a Jacksonville-based commercial real estate investment and operating firm. Built on a team of Certified Public Accountants (CPAs), Proper CRE brings extensive financial and analytical expertise to every project. Their approach and background allows the team to evaluate opportunities with a level of precision and insight unlike any other in the market. This positions Proper CRE perfectly for a wide range of projects, including acquisitions, capital markets, brokerage, and deal structuring. The firm is active across Northeast Florida and the broader I-95 corridor from Central Florida to Savannah, Georgia.