IP Capital Partners LLC sold a Northwest Jacksonville warehouse to The Ninigret Group L.C. for $6.675 million.
Property records show the 110,451-square-foot warehouse was built in 1967 on 12.39 acres at 1200 Ellis Road N.
A Nov. 20 Crexi commercial real estate report says Coleman American Moving Services has a lease on the property through year-end 2031. It said the property was for sale at an asking price of $6.82 million.
IP, based in Boca Raton, sold the property Feb. 8 through SCIP 1200 LLC. The company bought the site Dec. 30, 2019, for $5.3 million from Coleman American of Florida LLC, based in Midland City, Alabama.
The Ninigret Group, with an address in Weston, bought the property through NIN-JAX LLC. Protective Life Insurance Co. financed the deal with a $4.05 million mortgage.