David Grazioli Of U.S. Realty Advisors Purchases 153000 SF Industrial Warehouse In Jacksonville For $66.9M

The property asset involved in the transaction is a 153,000 square foot industrial warehouse located at 4125 West Cisco Drive in Jacksonville. The sale price for the property was $66,900,000, translating to a price per square foot of $437. The warehouse serves McDonald’s restaurants in the region and is situated in the Westlake Industrial Park, which includes significant site improvements totaling $60 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $66,900,000
• Buyer: David Grazioli - U.S. Realty Advisors
• Seller: Dave Harrison - VanTrust Real Estate
• Square Footage: 153,000
• Price per Square Foot: $437
• Market: Jacksonville
• Note: The warehouse generates over 160 annual rail carloads and was supported by a $1.5 million Jacksonville incentive to create 109 jobs.

David Grazioli represented U.S. Realty Advisors in this deal, while Dave Harrison represented VanTrust Real Estate. The transaction reflects a strategic move to support logistics for major tenants such as McDonald’s in the local market.