The property involved in this transaction is a newly constructed industrial facility located at 1511 Zoo Parkway in Jacksonville, Florida. This asset is classified as a Class A warehouse and comprises over 235,835 square feet, featuring 32' clear ceilings, 53 loading docks, and 69 trailer parking spaces. The sale was finalized for $29,500,000, with a price per square foot of $125. Its location offers advantageous access to Jacksonville International Airport, Cargo Ports of Jacksonville, and major highways including I-95 and I-295.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,500,000
• Address: 1511 Zoo Parkway
• Market: Jacksonville, FL
• Square Footage: 235,835
• Price Per Square Foot: $125
• Buyer: The STRO Companies, KRE Group, and The Silverman Group
• Seller: Van Trust Real Estate
• Buyer's Representatives: Albert Fitch and Kevin Bramhall of The STRO Companies

The transaction was executed through an off-market arrangement directly between the partnership of The STRO Companies, KRE Group, and The Silverman Group and the Seller, Van Trust Real Estate. Albert Fitch and Kevin Bramhall represented the partnership in-house during the deal.