Dalfen Industrial has sold Magnolia Park, a three-building, small-bay light industrial park totaling 80,863 square feet in Jacksonville, Fla.
The financial terms were not disclosed; however, Merritt Properties is the new owner.
Magnolia Park consists of two grade-level buildings and one dock-high building that has clear heights ranging from 14 to 25 feet, 13 dock doors, two drive-in doors, office finish and ample parking. Completed between 2002 and 2004, the property is home to 10 tenants in the security, door and window, water resources, home improvement, and home building industries.
Situated on 7.1 acres, Magnolia Park is located at 5220 Shad Road, in the southside market of Jacksonville. The park is in a prime logistics location less than two miles from Interstate 95 and US-1, the major and logistics thoroughfares for the area. Additionally, the property is 16 miles from Jacksonville Port Authority (JAXPORT), which provides direct connections to 140 ports in
