LBA Realty Acquires Industrial Property In Jacksonville For $103.5M

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.