Commonwealth Properties L.P. sold a Westside warehouse used by FedEx to an investment group for $10.8 million.
The FedEx Ship Center comprises about 97,280 square feet on 6.9 acres at 7490 Commonwealth Ave., west of Interstate 295. FedEx lists the location on its website.
People’s United Bank of Stamford, Connecticut, financed the deal with a $7.09 million mortgage.
The sale and mortgage were executed Feb. 3 and recorded with the Duval County Clerk of Courts on Feb. 4.
Commonwealth, based in Southlake, Texas, paid $6.675 million for the property in 2012.
Records show the 82,680-square-foot warehouse was developed in 1999. The property also includes about 14,600 square feet of office and ancillary space.
The buyers comprise CPI Jacksonville I LLC, CPI Jacksonville II LLC, CPI Jacksonville III LLC and FEM Commonwealth Ave. LLC.
The CPI Jacksonville LLCs are based in Teterboro, New Jersey, and FEM Real Estate is in Montville, New Jersey.