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1000 Imeson Park Boulevard

JAX-IMESON JV LLC Leases Industrial Property In Jacksonville, FL To RoadOne IntermodaLogistics
LEASEDIndustrial

JAX-IMESON JV LLC Leases Industrial Property In Jacksonville, FL To RoadOne IntermodaLogistics

1000 Imeson Park Boulevard

Building Size

Asset Type

Industrial

Closing

Feb 15, 2024

AI

The industrial property located at 1000 Imeson Park Boulevard in Jacksonville, FL, has been fully leased to RoadOne IntermodaLogistics. The Class A facility spans 422,136 sq ft and will undergo significant tenant improvements, including the addition of dock levelers, site fencing, a guard shack, and a 100,000 sq ft climate-controlled section. The enhancements are slated for completion by late summer/early fall 2024.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Peter Gould, North Signal Capital LLC; Michael Gleason, Fox Capital Partners
  • Tenant: Ken Kellaway & Chris Sloope, RoadOne IntermodaLogistics
  • Broker: Luke Pope, JLL

JAX-IMESON JV LLC, a joint venture by North Signal Capital LLC and Fox Capital Partners, successfully secured the full-building lease with RoadOne IntermodaLogistics, marking the complete occupancy of the industrial property. The tenant, RoadOne, plans to implement various upgrades to tailor the space to their operational needs, ensuring a seamless and efficient workspace at the facility.

Players

Luke Pope

JLL

Broker

$126.3M

vol

5 deals

Broker

Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93