A warehouse complex on Jacksonville's Westside just cashed in. The industrial campus at 924 N Lane Ave changed hands this week for $8.25 million, with the roughly 58,600 square foot, single story facility sitting on about 3.27 acres. After the deal, NAI Hallmark is staying on to manage the property.
According to the Jacksonville Business Journal, the transaction closed at $8.25 million and NAI Hallmark will continue to oversee day to day operations. The outlet reported the sale on May 14 in a story by reporter Stuart Korfhage.
Commercial marketing materials peg the building at about 58,612 square feet, with nine dock high doors, three drive in bays and a series of recent capital improvements. The property also sits in a Westside pocket near Interstates 10 and 295, a key selling point for industrial users, according to listing details on LoopNet.
Public records and commercial databases show the same property sold in May 2022 for about $3.7 million. The pricing gap between that deal and this week’s sale highlights how values for stabilized industrial assets have shifted over the past four years. That earlier trade is documented in parcel listings on Realmo and other market sites.
Jacksonville Industrial Market Backdrop
Investors are still writing checks for leased industrial properties even as vacancy creeps up. Cushman & Wakefield’s MarketBeat report for Jacksonville notes that industrial vacancy moved into the low double digits in early 2026 as a wave of speculative projects hit the market. That context helps explain why income producing, well located assets like 924 N Lane Ave can still draw strong pricing.
Why Westside Still Attracts Buyers
Buyer interest centers on last mile access, regional connectivity and predictable cash flow. The Lane Avenue property offers quick links to major highways and was marketed as fully leased, which cuts down on lease up risk for a new owner. Offering materials that call out a new roof, restriped parking and refreshed signage are summarized on the listing page for the asset on TenantBase and in other marketing brochures.
The deal adds to a run of industrial trades across Jacksonville this spring, signaling that capital is still active even as new supply comes online. Recent portfolio activity along Philips Highway, including a strip and warehouse collection that snagged a $17.15 million payday earlier this month, offers a snapshot of how investors are positioning themselves in the market right now.
