Redfearn Capital has completed the sale of a large distribution warehouse in Jacksonville, Florida, exiting the investment less than two years after acquiring the asset. The 363,000 square foot facility, located at 12751 Gran Bay Parkway within Jacksonville’s Flagler Center, traded for $37.3 million. Redfearn Capital had originally purchased the property from Brookfield in August 2024 for $27.2 million, and has since executed a series of improvements and a lease extension prior to disposition.
The buyer in the transaction is G3 Enterprises, Inc., which is acquiring a fully leased, single-tenant industrial property with longstanding occupancy. The warehouse has been occupied by Saddle Creek Logistics since 2011, serving as an alcohol and beverage distribution hub. The tenant’s long-term presence and recently renewed lease provide income visibility for the new owner.
The property sits on 22.4 acres in Flagler Center, a master-planned business park in the Jacksonville market. Building features include 24-foot clear heights, 30 dock doors, and rail service, positioning the asset for high-volume distribution and logistics operations. These physical characteristics, combined with rail access, support the facility’s role as a regional distribution node.
Transportation connectivity is a key attribute of the site. The warehouse offers immediate access to Interstate 95, Interstate 295, and U.S. 1, creating efficient routing options for truck traffic. From this location, the facility can serve more than 60 million consumers within an eight-hour drive, enhancing its appeal to logistics-focused users.
In addition to roadway access, the property benefits from proximity to Jacksonville Port, Jacksonville International Airport, and the region’s rail intermodal network. This multimodal connectivity underpins the property’s use as an alcohol and beverage distribution hub and supports resilience in supply chain operations. The combination of highway, port, air, and rail access contributes to the site’s strategic positioning within the broader Southeast logistics corridor.
During its ownership period, Redfearn Capital invested in capital improvements and operational upgrades at the facility. While specific projects were not detailed, these initiatives supported a long-term lease renewal with Saddle Creek Logistics and helped stabilize the asset ahead of the sale. The transaction reflects an executed value-creation strategy, starting with the 2024 acquisition from Brookfield and culminating in the 2026 disposition to G3 Enterprises.
The sale illustrates ongoing investor interest in large-scale, fully leased industrial properties in Jacksonville. With a single, established tenant focused on regional distribution, modern loading infrastructure, and close proximity to key transportation corridors, the asset aligns with prevailing demand for logistics facilities that can efficiently reach a broad consumer base across the Southeast.
