JLL Secures $68.28M Loan For 334K-SF Cold Storage Facility In Jacksonville

The asset involved in the transaction is a 333,725 square foot industrial facility located at 9765 N Main St Dr in Jacksonville. This property is classified as a cold storage facility and is 100% leased to a prominent cold storage third-party logistics (3PL) company in North America. The acquisition financing amounts to $68,280,000, which supports its status as a Class A property delivered in 2024.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $68,280,000
• Square Footage: 333,725
• Address: 9765 N Main St Dr
• Market: Jacksonville
• Loan Type: Acquisition

The deal involved brokers from JLL, specifically Nicole Barba, Michael Klein, Melissa Rose, Wells Waller, and Preston Bacon, representing the financing negotiations for the acquisition of the property.