VanTrust Real Estate has sold a new, class-A, 1.06-million-square-foot industrial building fully net leased to Amazon at 10501 Cold Storage Rd., Building E in Jacksonville, Fla.
The sales price was not disclosed. LBA Logistics acquired the asset.
Completed in 2021, Building E with Imeson Park is fully leased to Amazon and includes a 40-foot clear height, 89 dock-high doors, two drive-in doors, 490 trailer parking stalls, wide-column spacing, ESFR fire protection and ample auto parking.
10501 Cold Storage Rd. is in the Northside submarket and only 6.7 miles from Jacksonville Port Authority, one of the busiest seaports in the United States. The property also is near Interstate 95 and Interstate 295, which provide easy access to the entire Southeast U.S.
According to JLL Research, at the close of the third quarter, demand for industrial space in the Jacksonville Industrial market remained high, with a 4.3-percent vacancy, and supply remains limited.
