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:
- Property Type: Industrial
- Transaction Amount: $35,100,000
- Square Footage: 230,000
- Price Per Square Foot: $153
- Buyer: Greg Lauze - Northbridge Partners
- Seller: Drew Dewitt & David Archibald - East Capital Partners
- Broker: CBRE
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
Belding Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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