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Jax Daily Record Thursday, Dec. 31, 202008:31 AM EST

DRA Advisors pays $21.7 million for Fanatics e-commerce distribution center

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The New York City-based real estate group financed the deal with a $13.55 million mortgage.

New York City-based DRA Advisors LLC paid $21.7 million on Dec. 22 for the Fanatics e-commerce distribution center at 5245 Commonwealth Ave. in Northwest Jacksonville.

The Prudential Insurance Co. of America financed the deal Dec. 22 with a $13.55 mortgage.

The deed and mortgage were recorded Dec. 30 with the Duval County Clerk of Courts.

DRA Advisors, a real estate investment group, bought the property through Ranger Commonwealth LLC.

IP Capital Partners LLC of Boca Raton sold the property through SCIP 5245 LLC.

Cushman & Wakefield announced Dec. 28 it brokered the sale of the 560,88-square-foot Fanatics warehouse and Conlan Tire’s 27,579-square-foot outparcel.

The property last sold for $15 million in December 2018. 

The 28-acre property includes 52 dock-high entrances, 447 regular parking spaces, 20 handicap parking spaces and 46 tractor-trailer parking spaces.

Property records show the structures were built in 1960. The site is between Interstates 295 and 10. It is less than 5 miles from the U.S. Postal Service, FedEx and UPS shipping facilities. 

Fanatics designs, makes, sells and distributes licensed sports gear and jerseys worldwide online, by phone, in stores, in stadiums and on-site at many of the world’s biggest sporting events.

Staff writer Katie Garwood contributed to this report.

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