A freshly built cold-storage and food-distribution warehouse on Jacksonville’s Westside that supplies McDonald’s restaurants just changed hands for $66.9 million. Developed by VanTrust Real Estate for tenant Anderson-DuBose, the property was sold to an affiliate of US Realty Advisors, signaling that investors are still hungry for rail-served, temperature-controlled logistics space in the area.
Sale details and buyer
According to ConnectCRE, an affiliate of US Realty Advisors paid $66.9 million for the facility, described as a 153,000-square-foot food-service distribution center for McDonald’s. The outlet identified VanTrust Real Estate as the seller and noted that the property was recently delivered. The March 31, 2026 report framed the transaction as a rare sale of modern cold-storage inside Jacksonville’s Westlake Industrial Park.
Property specifics
Offering materials from JLL list the address as 4125 Cisco Drive West and put total project size at about 164,045 square feet, made up of roughly 152,494 square feet of warehouse space plus an 11,548-square-foot truck maintenance facility. The JLL memorandum notes that the building was delivered in Q3 2025 and is set up with three temperature zones: ambient, cooler and freezer. That configuration helps explain why an institutional net-lease buyer stepped in.
Rail access and incentives
In an April 2024 release, Norfolk Southern said the 33-acre Westlake site would be rail-served and is expected to generate more than 160 carloads a year. The railroad characterized the project as a roughly $60 million investment that would support 109 jobs and described the location as one of the few remaining rail-served parcels in Westlake. That rail link was positioned as a key advantage for developers and tenants that favor refrigerated shipments by rail rather than truck.
Jacksonville officials also put public money on the table. The City Council approved a $1.5 million Recapture Enhanced Value Grant for Anderson-DuBose in March 2024, according to the Jax Daily Record. The legislation initially described Project Bobcat as a 120,000-square-foot operation, but later city filings showed plans for a larger development of roughly 156,665 square feet. City documents linked the incentive to a commitment to create at least 85 jobs, with the company projecting up to 109 positions by 2028.
What the market says
Cushman & Wakefield’s Q4 2025 Jacksonville industrial report notes that tight supply and rising rents on the Westside have made modern cold-storage space both scarce and highly coveted. Against that backdrop, investors have gravitated toward rail-served, temperature-controlled facilities that offer long-term income and creditworthy tenants. Those market dynamics help clarify why an institutional buyer was willing to pay a premium for a fully delivered, rail-served cold-storage asset…