\n29,040 SF asset with secured IOS yard and below-market rents positioned for mark-to-market upside<\/p>
MIAMI--(BUSINESS WIRE)--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.<\/p>
\nThe acquisition marks the partnership\u2019s entry into the Jacksonville market and reflects a targeted strategy focused on functional, in demand industrial assets in high-growth Sunbelt markets.<\/p>
\nThe 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\u2019s secured IOS yard component, the partnership believes the asset is well positioned to capture sustained tenant demand and rental growth.<\/p>
\nJacksonville continues to benefit from strong population growth, port-driven logistics activity, and a constrained pipeline of new small-bay development. Assets with integrated outdoor storage remain structurally undersupplied, supporting high occupancy and favorable leasing dynamics.<\/p>
\n\u201cWe\u2019re focused on assets where functionality drives demand and where we can create value through execution,\u201d said Jonathan Mazzarella, Founder of Endeavor Capital. \u201cSmall-bay product with secured IOS is one of the most supply-constrained segments in industrial today, and this asset offers a clear mark-to-market opportunity.\u201d<\/p>
\n\u201cOur typical acquisition threshold is $10 million and above, but we\u2019ll selectively go below that when we\u2019re entering a new market,\u201d Mazzarella added.<\/p>
\nMax Leifer added that the acquisition aligns with the firm\u2019s continued conviction in supply-constrained small bay industrial assets: \u201cThis acquisition is exactly the type of deal we look for: well-located industrial with strong fundamentals in a market where supply remains limited. We were able to acquire the property off market at a compelling basis, with below-market rents that provide meaningful upside over time.\u201d<\/p>
\nLeifer Properties and Endeavor Capital continue to pursue similar opportunities across the Southeast and Midwest, with a focus on assets where active management and leasing execution can unlock meaningful value.<\/p>