Leifer Properties and Endeavor Capital Enter Jacksonville with Acquisition of Small-Bay Industrial Asset with IOS Component
29,040 SF asset with secured IOS yard and below-market rents positioned for mark-to-market upside
Leifer Properties and Endeavor Capital announced the acquisition of a 29,040-square-foot small-bay industrial asset located at 4850 Collins Road in Jacksonville, Florida. The property includes a fully fenced and secured outdoor storage yard (IOS), a highly sought-after feature among service-oriented industrial users.
The acquisition marks the partnership’s entry into the Jacksonville market and reflects a targeted strategy focused on functional, in demand industrial assets in high-growth Sunbelt markets.
The asset was acquired with in place rents below current market levels, providing a clear path to mark-to-market through lease-up and renewals. Combined with the property’s secured IOS yard component, the partnership believes the asset is well positioned to capture sustained tenant demand and rental growth.
