Proper Capital & Real Estate announced May 27 it represented seller J K Davis Land Group LLC in the $7.5 million sale of an industrial warehouse at 3636 Beachwood Court to a subsidiary of New Jersey-based Faropoint Ventures.
The 43,282-square-foot industrial warehouse includes office and event space. Built in 2017 and fully occupied by Sight & Sound Productions, the 3.77-acre site is off of Beach Boulevard and is less than a half-mile east of Interstate 295.
The seller is led by Jon Davis, who retired at year-end 2025 as president and CEO of Jacksonville-based Sight & Sound after almost 30 years. The company provides event planning and audiovisual production.
Jacksonville Beach-based private equity firm Dubin Clark & Co. Inc. bought Sight & Sound in 2025. Heritage Capital Group Inc., an investment banking and financial advisory firm, announced the deal July 9. Heritage Capital served as the financial adviser.
Sight & Sound was founded in 1987 by Curt Hubbard, who hired Davis in 1996.
In 2009, the company bought Mugwump Productions, an event décor and design business that serves corporate and social events.
Davis advanced through the organization to become president in 2000 and sole owner in 2010.
Jacksonville-based Proper Capital & Real Estate said in a news release the property, with dock-high loading, an oversized truck court and versatile event space, “cannot be replicated in today’s supply-constrained Southside submarket.”
“The large amount of buyers interest in this transaction speaks volumes about the industrial scarcity in the this submarket, the quality of the building and the tenant. Well-located, functional industrial product in this corridor doesn’t come available often, and when it does, institutional capital moves quickly”, said Jonathan Heldenbrand, managing partner.
He said Faropoint did not have a broker representative in the deal.
Proper Capital & Real Estate said the transaction, which closed May 14, reflects continued investor demand, underscored by recent acquisitions by Decker Capital and Merritt Properties.
Faropoint Ventures continues to build its presence in the Northeast Florida industrial market, the release said.
“Faropoint Ventures has been an active and consistent buyer in the Jacksonville market, having previously acquired a property at Gran Park at The Avenues for $15 million in June 2025,” it said.