News Summary
Two warehouses along Youngerman Circle in Southwest Jacksonville have been sold for $11.25 million. The transaction included properties at 6600 and 8601 Youngerman Circle, showcasing a significant increase in commercial real estate value in the area. The sale was conducted by the Dechomai Foundation and purchased by Wasa Properties, which plans to revitalize the sites for manufacturing, warehousing, and e-commerce. This sale reflects the growing interest in Jacksonville’s commercial market, particularly in strategic locations near major transportation routes.
Jacksonville – Two warehouses located along Youngerman Circle in the Argyle Forest area of Southwest Jacksonville have been successfully sold for $11.25 million. The transaction, which took place on July 10, involved a 6.9-acre parcel that includes properties situated at 6600 and 8601 Youngerman Circle. This prime location is just one mile west of Blanding Boulevard and Interstate 295, and it lies to the north of Argyle Forest Boulevard.
The seller of these properties is the Dechomai Foundation of Jacksonville, which has been actively involved in supporting charitable organizations through its donor-advised fund since its establishment in 2003. The Dechomai Foundation operated through the Dechomai Asset Trust Number Nine LLC for this sale. The buyer, Wasa Properties, is a New York City-based company known for revitalizing distressed properties across the Northeast, Southeast, and Southwest United States through its managing entity, Avicx Youngerman LLC.
The warehouses, built in 1988, consist of two distinct buildings: the 6600 Youngerman Circle facility, which spans 44,712 square feet, and the 8601 Youngerman Circle building, which offers 51,600 square feet of usable space. Both facilities feature 14-foot ceilings and grade-level loading access, making them ideal for a variety of purposes. The spaces are being marketed specifically for manufacturing, warehousing, and e-commerce businesses, capitalizing on the growing demand for logistics and distribution capabilities.
This recent sale marks a significant appreciation in property value, as the warehouses were last sold in 2002 for $5.5 million. Such transactions reflect the increasing interest and investment potential in Jacksonville’s commercial real estate market, particularly in areas with easy access to major transportation routes.
Wasa Properties, founded in 2004, has a robust portfolio that includes the management of over 2.5 million square feet of commercial properties. The company has focused on revitalizing income-generating properties, which showcases its investment strategy in industrial and commercial real estate. The acquisition of these warehouses is aligned with their goal of enhancing property value and usage to meet current market demands.
The Dechomai Foundation, which sold the properties, serves as a foundation that collaborates with various charitable organizations. The sale of tangible assets like these warehouses allows the foundation to further its mission of philanthropy, supporting community projects and non-profit initiatives through its endeavors.
As Jacksonville continues to evolve as a hub for commercial activity, transactions like this highlight the dynamic nature of the real estate market. With growing interest from investors and businesses looking to establish operations in the area, the future looks promising for commercial real estate opportunities in and around the Argyle Forest community.
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Additional Resources
- Jacksonville Daily Record: Warehouse Sale
- Wikipedia: Jacksonville
- Jacksonville.com: Joann Store Closures
- Google Search: Joann Store Closures
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- Google Scholar: Commercial Real Estate Jacksonville
- News-Journal Online: Florida Store Closures
- Encyclopedia Britannica: Jacksonville
Author: STAFF HERE JACKSONVILLE WRITER
JACKSONVILLE STAFF WRITER The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
