Jeffrey Small Of MDH Partners Acquires Industrial Asset From LBA Logistics For $49.3M In Jacksonville
$49,300,000
$88/SF
Building Size
555,920 SF
Asset Type
Industrial
Closing
Oct 14, 2025
AI
The industrial asset located at 1051 Cold Storage Road in Jacksonville was sold for $49.3 million. This fully leased distribution center spans 555,920 square feet and was constructed in 2019. The property is situated on a 26-acre site in Imeson Park, close to Amazon’s fulfillment center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $49,300,000
- Buyer: Jeffrey Small - MDH Partners
- Seller: LBA Logistics
- Square Footage: 555,920
- Price Per Square Foot: $89
- Location: 1051 Cold Storage Road, Jacksonville
- Market: Jacksonville
- Year Built: 2019
- Lot Size: 26 acres
Jeffrey Small represents MDH Partners in the acquisition of the property from LBA Logistics. The transaction highlights MDH Partners' strategic investment in a fully leased distribution facility in a key logistics area.
Players
Market 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93