7660 Gainesville Ave - Warehouse FOR SALE


Jacksonville, FL 32208- 45th & Moncrief
$17,000,000 USD
904-923-7959
7660 Gainesville Ave, Jacksonville, FL for Sale
$17,000,000 USD
Warehouse - FOR SALE
1/13
null | 3.98% Cap Rate

7660 Gainesville Ave
Jacksonville, FL 32208
45th & Moncrief


HIGHLIGHTS

  • Low-Basis Entry Point: Offered at $17 million ($92 PSF), substantially below replacement cost for comparable industrial product.
  • Mark-to-Market Rent Opportunity: ±35,000 SF vacancy, with recently completed interior office space, allows for immediate lease-up at market rents.
  • Additional Land Component: ±1.5 acres of excess developable land for future building expansion, outdoor storage, or parking.
  • Institutional Construction Quality: Concrete and masonry core with metal expansion, clear heights ranging 18'–24', and column spacing of 25'×50'.
  • Functional Loading & Power: 12 dock-high doors, 2 grade-level doors with ramps, 480V 3-phase 1,200 amp power, and fenced truck court.
  • Long-Term Tenant Stability: Sleep Geekz occupies ~80% of NRA with a term through 2032 and annual 3–4% rent increases.

OVERVIEW

7660 Gainesville Avenue offers investors the rare opportunity to acquire a well-maintained ±184,200 SF industrial facility on 14.4 acres in Jacksonville’s Northside submarket - a designated Opportunity Zone allowing for substantial long-term tax advantages. The property is offered at a low basis relative to replacement cost, with modern functionality and strong tenant credit anchoring its income profile. Built in 1962 and expanded in 2008, the asset features 18-24' clear heights, a truck-friendly layout, and a secure fenced yard with gated access. Current occupancy stands at 81%, driven by Sleep Geekz occupying ±148,000 SF through 2032, alongside Westcott Towing, leaving ±35,000 SF of immediately leasable space for value-add upside. The site also includes ±1.5 acres of developable land, creating an additional future phase or outdoor storage opportunity. Strategically positioned less than 1.5 miles from I-95 and 6 miles from Downtown Jacksonville, the property benefits from efficient access to I-295, I-10, JAX Port, and JAX International Airport - key demand drivers for industrial users. This asset provides investors with immediate cash flow, clear mark-to-market potential, and strong long-term growth in one of Florida’s most dynamic logistics markets.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

3.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

24 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

14.4

LAND SF

627,264

ZONING

IL

APN/PARCEL ID

027038-0000,027038-0030

ASK ABOUT THIS PROPERTY

Bryan BartlettMarcus & MillichapMore Info
904-923-7959

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Bryan BartlettMarcus & MillichapMore Info
904-923-7959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.