Wasa Properties Acquires Two Jacksonville Warehouse Properties From A-B Distributors For $28.2M

A-B Distributors Inc. sold two warehouse properties located at 11210 Phillips Industrial Boulevard and 8535 Baymeadows Road in Jacksonville. The properties encompass a total of 212,365 square feet and were sold for a price of $28,200,000, translating to a price per square foot of approximately $133.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,200,000
• Buyer: Morty Bistritzky - Wasa Properties
• Seller: A-B Distributors Inc.
• Square Footage: 212,365
• Address: 11210 Phillips Industrial Boulevard & 8535 Baymeadows Road
• Market: Jacksonville
• Price per Square Foot: $133

The buyer, Morty Bistritzky, represents Wasa Properties, a company based in New York. The seller, A-B Distributors Inc., completed this transaction involving a 71,549-square-foot warehouse at 11210 Phillips Industrial Blvd. E. and a five-building complex totaling 140,816 square feet at 8535 Baymeadows Road.