Jacksonville Warehouse Changes Hands
- Feb 20, 2019
Commercial Warehousing, a third-party logistics firm, has sold a 106,560-square-foot industrial asset in Jacksonville, Fla., to Coca-Cola Beverages Florida. The new owner, an independent bottler for the soft drink giant, paid $3.3 million for the property, according to Duval County records.
Located at 1707 Huron St., the structure is situated in Jacksonville’s booming Westside submarket, within a mile of CSX’s Moncrief railyard. The asset is a short drive from interstates 10 and 295 and roughly 5 miles from downtown Jacksonville. The Coca-Cola bottler also owns a two-building, 194,429-square-foot property one block south of the new acquisition, at 1411 Huron St., which it acquired in late 2016 for $15 million.
Commercial Warehousing purchased the property upon completion in 1993 for less than $200,000, per public records. The rear-load structure contains 10 dock-high loading doors, a drive-in door and a fenced truck court. Additionally, a rail spur, which predates the building, runs alongside the property.
Image via Google Maps