Fast-growing V3 Commercial Advisors, which has been actively expanding beyond its Apopka, Florida, base, closed on its first acquisition in Jacksonville last year by acquiring a fully leased warehouse in a deal that earned a 2024 CoStar Impact Award for sale/acquisition of the year, as voted on by local judges with knowledge of the market.
The 63,730-square-foot warehouse, which was vacant at the time of sale and then fully leased to Southern States Toyota, was completed in 2002. The building was originally constructed in 2006 and formerly housed Noland Plumbing and Harbinger Signs as a showroom/distribution center.
V3 Capital Group is a boutique real estate firm that invests in commercial real estate and senior housing, as well as operating a real estate services platform throughout the Sunshine State. Its real estate services include property management, brokerage, development/construction management and capital procurement.
About the Deal: This Jacksonville warehouse in the Butler Corridor was sold to a private developer for just under $10 million in the third quarter of 2023. The property sold for just over $150 per square foot.
They Made it Happen: Ross Crabtree of JLL represented the seller and Kim Manson and Jeff Tanner of V 3 Commercial Advisors represented the buyer, who is also the tenant.