NAI Hallmark has announced the successful sale of 924 N. Lane Ave., a 58,612-square-foot industrial property located in Jacksonville, for $8.25 million.
NAI Hallmark’s Daniel Burkhardt and Alex Caliel, along with Michael Havens of Havens Commercial, represented the buyer, Lebberes Realty Corp., in the transaction. The seller was represented by Kyle Murphy and Kyle Fisher of CBRE.
Located on Jacksonville’s west side industrial corridor, the recently renovated property features 16-foot clear heights, wet sprinkler systems, dock-high loading access with a 105-foot truck court, and convenient connectivity to major interstate corridors and regional shipping hubs. Recent capital improvements to the property include a new roof, parking lot resurfacing and striping, upgraded monument signage, interior and exterior painting, landscaping and fencing improvements.
“This acquisition presented an opportunity to secure a well-located industrial asset with strong operational functionality and meaningful recent improvements,” said Burkhardt. “The property’s access to Jacksonville’s transportation infrastructure and distribution network made it an attractive fit for our client’s investment objectives.”
As part of the transaction, NAI Hallmark will retain management responsibilities for the property moving forward. Jacksonville’s industrial market continues to experience strong investor demand driven by the city’s strategic port access, transportation infrastructure and population growth, particularly within west side distribution and logistics corridors.
To learn more, go to naihallmark.com.
