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14476 Duval Place West

Greg Lauze Of Northbridge Partners Acquires Industrial Park In Jacksonville For $35.1M
SOLDIndustrial

Greg Lauze Of Northbridge Partners Acquires Industrial Park In Jacksonville For $35.1M

14476 Duval Place West

$35,100,000

$152/SF

Building Size

230,000 SF

Asset Type

Industrial

Closing

Jul 23, 2026

AI

The industrial asset located at 14476 Duval Place West in Jacksonville, FL encompasses an eight-building park with a total of 230,000 square feet. The property is designed to accommodate industrial, logistics, and light manufacturing tenants. It was sold for $35,100,000, resulting in a price per square foot of $153. This transaction marks a significant acquisition in the industrial market near Jacksonville International Airport.

Summary of transaction details:

This transaction was facilitated by NorthBridge Partners, which aims to expand its logistics portfolio in Jacksonville. The property previously traded for $24.5 million in 2023, indicating a significant increase in value since that time. The deal involved key players from both buyer and seller, highlighting their roles in the real estate market.

Players

CBRE
CBREBrokerage

Greg Lauze

Northbridge Partners

Buyer

$418.4M

vol

7 deals

Buyer
Drew Dewitt

Drew Dewitt

East Capital Partners

Seller

$88M

vol

2 deals

Seller

Belding 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93