Updated Nov 4, 2025
Wasa Properties Acquires Two Jacksonville Warehouse Properties From A-B Distributors For $28.2M
11210 Phillips Industrial Boulevard & 8535 Baymeadows Road
$28,200,000
$66/SF
Building Size
212,365 SF
Asset Type
Industrial
Closing
Oct 28, 2025
About this deal
AI
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.
On the Map
$28,200,000
$66/SF
Industrial
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Players
Jacksonville 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93