Updated Dec 23, 2025
LBA Realty Acquires Industrial Property In Jacksonville For $103.5M
10501 Cold Storage Road, Jacksonville, Florida 32218, United States
$103,500,000
$94/SF
Building Size
1,100,000 SF
Asset Type
Industrial
Closing
Dec 16, 2021
About this deal
AI
10501 Cold Storage Road in Jacksonville has been sold for $103,500,000 in a recent industrial property transaction. The property spans 1,100,000 square feet, resulting in a price per square foot of $94. The sale took place on December 17, 2021, and the buyer is LBA Realty.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $103,500,000
- Address: 10501 Cold Storage Road, Jacksonville
- Market: Jacksonville
- Square Footage: 1,100,000
The seller of the property was VanTrust Real Estate, represented by Dave Harrison. JLL acted as the seller's representative in the deal. JPMorgan Chase Bank served as the lender for this transaction.
On the Map
$103,500,000
$94/SF
Industrial
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Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93