Salt Lake City investor buys Coleman Movers warehouse for almost $6.68 million

IP Capital Partners sold the Northwest Jacksonville property to The Ninigret Group.

The Ninigret Group of Salt Lake City paid almost $6.7 million for the Coleman Movers building in Northwest Jacksonville.
The Ninigret Group of Salt Lake City paid almost $6.7 million for the Coleman Movers building in Northwest Jacksonville.
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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.

The deed and mortgage were recorded Feb. 9 with the Duval County Clerk of Courts.

The Ninigret Group website says it is a Salt Lake City-based diversified real estate company that develops, manages and structures real estate projects. It lists the Coleman Movers property in its portfolio.

 

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