True North Investments Buys West Side Warehouse – CoStar Group

True North Investments Expands FL Portfolio – CoStar Group.

From CoStar:
True North Investments acquired the Laney & Duke Warehouse at 401 Ellis Rd. North in Jacksonville, FL from Laney & Duke Terminal Warehouse Co. for $2.8 million, or about $27 per square foot.

The single-story, 105,200-square-foot industrial building was built in 1974 and is located the in West Side submarket. The property was purchased as an investment sale with a single tenant, Carroll’s Tire Co, occupying 65,200 square feet of the property.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on July 11, 2014, in Transactions, Warehouses/Industrial and tagged , . Bookmark the permalink. Leave a comment.

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