Bay Street Capital Acquires Industrial Property In Jacksonville For $3.7M

Three industrial properties located at 4000 Faye Road, 3043 Faye Road, and 3034 Faye Road in Jacksonville have been sold in a closed transaction. The seller, NE Florida Tree Farms represented by Mike Braren, sold the properties to the buyer, Bay Street Capital. The sale was facilitated by the buyer's representatives, Jose Sasson Lerner and Roberto Susi from Axiom Capital Advisors, and the seller's representatives, Donald Shapiro and Jonathan Rifkind from Compass.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,700,000
• Total Square Footage: 392,911
• Price Per Square Foot: $9.41
• Acres: 9.02
• Market: Jacksonville

Bay Street Capital acquired the three industrial properties from NE Florida Tree Farms for a total of $3,700,000. The properties have a combined total square footage of 392,911 square feet, with a price per square foot at $9.41. The transaction also includes 9.02 acres of land. The deal was brokered by Jose Sasson Lerner and Roberto Susi from Axiom Capital Advisors on behalf of the buyer, and by Donald Shapiro and Jonathan Rifkind from Compass on behalf of the seller.

Note from the buyer's representatives, Jose Sasson Lerner and Roberto Susi: We specialize in sourcing and facilitating off-market transactions. For future opportunities, please reach out to Jose Sasson at 786-393-8089 or [email protected], or Roberto Susi at 305-528-3283 or [email protected].

Note from the seller's representatives, Donald Shapiro and Jonathan Rifkind: We specialize in sourcing and facilitating off-market transactions. For future opportunities, please reach out to Donald Shapiro at 954-803-9514 or [email protected], or Jon Rifkind at 917-608-2719 or [email protected].