IWH Capital Acquires IWH Industrial Park In Jacksonville's Southpoint Area For $35M

IWH Capital has acquired the IWH Industrial Park located in Jacksonville's Southpoint area for a total of $35 million. The industrial park spans across 305,260 square feet and is made up of multiple properties situated at 8168-8190 Baymeadows Way West, 7750, 7751 Bayberry Road, 7861-7875 Bayberry Road, and 7829-7859 Bayberry Road & 7749-7787 Bayberry Road. This transaction took place in the Jacksonville market, which has been experiencing strong demand and limited supply for small-bay industrial assets.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35,000,000
• Square Footage: 305,260 SF
• Price per Square Foot: $115
• Buyer: IWH Capital - Michael Haas
• Seller: GF Florida
• Brokers: Kyle Fisher & Ben Stewart - CBRE
• Date: 07/02/2023

IWH Capital, led by Michael Haas, has made its second move in the Florida market with the acquisition of the IWH Industrial Park. The transaction was facilitated by Kyle Fisher and Ben Stewart of CBRE. This deal highlights the company's continued interest in the small-bay industrial asset class, which has shown strong demand due to limited supply in the market.