Updated Oct 6, 2026
Portal Warehousing Acquires Industrial Property In Jacksonville For $14.13M With Bryan Bartlett As Buyer's Rep
8019 Bayberry Road
$14,150,000
$122/SF
Building Size
115,580 SF
Asset Type
Industrial
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is located at 8019 Bayberry Road in Jacksonville and is categorized as an industrial asset. The sale price of the property was $14,125,000, with a total square footage of 115,580, which equates to a price per square foot of $122.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,125,000
- Address: 8019 Bayberry Road
- Market: Jacksonville
- Square Footage: 115,580
- Price Per Square Foot: $122
- Buyer: Alex Morrison, Justin Adelipour, Joshua Zamir & Nathaniel Neman - Portal Warehousing
- Buyer's Representative: Bryan Bartlett - Newmark
- Seller's Representatives: Seda Preston & Guy Preston - Colliers
Portal Warehousing's acquisition of this property marks their second purchase within a few months as part of a strategic partnership with GCM Grosvenor. For additional inquiries, brokers can contact Nathaniel Neman at [email protected] and Alex Mollozzi at [email protected] regarding acquisition criteria.
On the Map
$14,150,000
$122/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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93