Updated Jan 14, 2026
Eric Smyth Of CIP Real Estate Acquires JAX Airport Logistics Center From Carlos C. Lopez-Cantera For $53.86M
14825 International Airport Boulevard
$53,860,000
$126/SF
Building Size
425,000 SF
Asset Type
Industrial
Closing
Jan 14, 2026
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 14825 International Airport Boulevard in Jacksonville. The sale price for this asset was $53,860,000. The facility encompasses 425,000 square feet and spans 30.18 acres, featuring a two-building warehouse completed in 2025.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $53,860,000
- Square Footage: 425,000
- Price Per Square Foot: $127
- Address: 14825 International Airport Boulevard
- Market: Jacksonville
- Buyer: Eric Smyth - CIP Real Estate
- Seller: Carlos C. Lopez-Cantera - Pan American Companies
In this transaction, Eric Smyth represented CIP Real Estate in acquiring the asset, while Carlos C. Lopez-Cantera represented Pan American Companies in the sale. The acquisition was facilitated by a subsidiary of Pan American Companies, ensuring a smooth transition of ownership for the JAX Airport Logistics Center.
On the Map
$53,860,000
$126/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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93