LBA Realty Acquires 552k SF Industrial Property In Jacksonville From VanTrust Real Estate For $43.9M

10501 Cold Storage Rd in Jacksonville has been sold in a recent transaction. The industrial property, covering approximately 552,720 square feet, was purchased by LBA Realty, with Steve Layton representing the buyer. The seller, VanTrust Real Estate LLC, was represented by Dave Harrison. The sale price for the property was $43,900,000, resulting in a price per square foot of $79. The property sits on 25.9 acres and was sold for an average price of $1,694,981 per acre.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,900,000
• Date: 01/20/2021
• Address: 10501 Cold Storage Rd
• Market: Jacksonville
• Buyer: LBA Realty - Steve Layton
• Seller: VanTrust Real Estate LLC - Dave Harrison
• Square Footage: 552,720
• Price per Square Foot: $79
• Acres: 25.9
• Price per Acre: $1,694,981

This transaction showcases the active real estate market in Jacksonville, with LBA Realty making a significant investment in the industrial property. Steve Layton represented LBA Realty as their broker, while Dave Harrison served as the broker for VanTrust Real Estate LLC. The sale of this property highlights the ongoing growth and development within the industrial sector of Jacksonville's real estate market.