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Eric Smyth Of CIP Real Estate Acquires JAX Airport Logistics Center From Carlos C. Lopez-Cantera For $53.86M

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SOLD
$53,860,000

Florida

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Industrial425,000 SF
Sold 01/14/2026
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SOLD

Eric Smyth Of CIP Real Estate Acquires JAX Airport Logistics Center From Carlos C. Lopez-Cantera For $53.86M

14825 International Airport Boulevard

See Similar Deals
Industrial425,000 SF
Sold 01/14/2026
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:425,000 SF
Transaction Type:Sale

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.

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BUYER

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Details

SOLD
IMAGE: Eric Smyth & Carlos C. Lopez-Cantera DATE: 01/14/2026 ADDRESS: 14825 International Airport Boulevard MARKET: Jacksonville ASSET TYPE: Industrial ~ ACRES: 30.18 BUYER: Eric Smyth - CIP Real Estate SELLER: Carlos C. Lopez-Cantera - Pan American Companies SALE PRICE: $53,860,000 SF: 425,000 ~ PPSF: $127 NOTE: CIP Real Estate bought the 425,000-square-foot JAX Airport Logistics Center in Jacksonville for $53.86 million, or $126.73 per square foot.The two-building warehouse, completed in 2025 on 30.18 acres at 14825 International Airport Blvd., was acquired from a Pan American Cos. affiliate.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,872,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$191,353.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,323.88
Annual Debt Service$3,063,886.54