9365 Philips Hwy - Freestanding FOR SALE


Jacksonville, FL 32256- Baymeadows
$14,425,000 USD
407-902-6660
9365 Philips Hwy, Jacksonville, FL for Sale
$14,425,000 USD
Freestanding - FOR SALE
1/28
null | 7.5% Cap Rate

9365 Philips Hwy
Jacksonville, FL 32256
Baymeadows


OVERVIEW

AS-IS NOI: $1,081,641 Year 5 NOI: $1,395,577 Strong In-Place Cash Flow: $$1,081,641 NOI with a 7.50% cap rate Affluent Trade Area: $106K+ average household income within 3 miles supporting long-term retail demand 100% Leased Asset: Stabilized occupancy with diversified tenancy and 59% national tenants Near-Term Value-Add: Lease rollover creates upside with ~$115K+ below-market rent opportunity Strong Traffic & Visibility: ±53,400 VPD combined intersection.

FOR SALE DETAILS

PRICE

$14,425,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avenues North Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

281

LAND DETAILS

LAND ACRES

17.89 AC

LAND SF

779,288 SF

ZONING

IL, Jacksonville

APN/PARCEL ID

159639-0050

ASK ABOUT THIS PROPERTY

Sean GlickmanCushman & Wakefield of Florida, Inc.More Info
407-902-6660

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Sean GlickmanCushman & Wakefield of Florida, Inc.More Info
407-902-6660

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