$4,616,000 USD
202-573-2148
1584 Normandy Village Pky
Jacksonville, FL 32221
Normandy Manor
HIGHLIGHTS
- Significant Value-Add Opportunity: Average on-site rent of $14.73 PSF, while market rents exceed $26 PSF (per Costar).
- Attractive Returns: Fully occupied “Medtail” offering at a 7.70% CAP rate with a day 1 cash-on-cash return of 7.61% at asking price.
- Proven Tenancy Track Record: Over 78% of the GLA has been occupied at this location since 2012 or earlier, demonstrating strong tenant “stickiness”.
- Attractive Lease Structures: All leases are fully Triple Net (NNN), resulting in minimal landlord responsibilities.
- High-Growth Area: The Jacksonville, FL MSA is among the fastest-growing nationwide, with a population projected to exceed 2 million by 2035.
- Strategically Located: Positioned in a densely populated area with 76,173 residents within a 3-mile radius.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 23,813 SF Normandy Village Medtail located at 1584 Normandy Village Parkway in Jacksonville, FL. This fully occupied “Medtail” asset is being offered at a 7.70% CAP rate, delivering a day 1 cash-on-cash return of 7.61% at the asking price. The property presents a significant value-add opportunity, with average on-site rents at $14.73 PSF compared to market rents exceeding $26 PSF (per CoStar), creating substantial upside for investors.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$4,616,000 USD
PRICE/SF
$194 USD /SF
CAP RATE
7.7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Normandy Village Medtail - Jacksonville, FL
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
216
LAND DETAILS
LAND ACRES
3.21 AC
LAND SF
139,828 SF
ZONING
CCG-1
APN/PARCEL ID
007628-3800
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202-573-2148
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202-573-2148
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