The transaction involves the sale of industrial assets comprising four buildings situated on a 10.5-acre site located at 1057 Ellis Road North, 1123 Ellis Road North, 5555 West First Street, and 1500 Industrial Boulevard in the Jacksonville market. The total sale price is $14,600,000, with the properties encompassing a total of 167,512 square feet, translating to a price per square foot of $87.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,600,000
• Buyer: Palm Leaf Holdings GP LLC
• Seller: A-B Properties Inc.
• Total Acreage: 10.5
• Square Footage: 167,512
• Price Per Square Foot: $87
• Location: Jacksonville
• Tenants: Solar Energy Labs, Markham Endeavors
• Mortgage Amount: $9,250,000
• Mortgage Maturity: 2029

The buyer, Palm Leaf Holdings GP LLC, has successfully acquired three properties in West Jacksonville, which include four industrial buildings. A-B Properties Inc. is the seller in this transaction. The deal involves tenants already in place, offering immediate rental income potential for the buyer, who has secured financing with a notable mortgage set to mature in 2029.