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Bldg B 6501 Arlington Expy 29,212 SF 85% Leased Office Building Jacksonville, FL 32211 $1,745,000 ($59.74/SF) 6.85% Cap Rate
Investment Highlights
- Strong Income Producing Office Building with Professional Service Tenants
- Coveted CCG-2 Zoning - General commercial and intensive uses; development flexibility
- Value-add opportunity; significant discount to replacement cost
- Short Commute = Location - Downtown=5 mins, I-95=10 mins, I-10=10 mins, St Johns Town Center=15 mins, JAX Airport=20 mins, Atlantic Beach=20 mins
- High Visibility 1.4-acre site = 60,000 AADT (FDOT) with abundant surface parking
- Over $75 M of recent investments catalyzed Arlington's recovery, with an additional $300 M in planned redevelopment
Executive Summary
Strong Income Producing Office Building with Professional Service Tenants
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
29,212 SF
Building Class
B
Year Built/Renovated
1973/2001
Price
$1,745,000
Price Per SF
$59.74
Cap Rate
6.85%
NOI
$119,533
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,606 SF
Building FAR
0.48
Lot Size
1.41 AC
Zoning
CCG-2, Jacksonville
Parking
74 Spaces (2.82 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 142266-0000 | Improvements Assessment | $801,698 |
| Land Assessment | $647,702 | Total Assessment | $1,449,400 |
Property Taxes
Parcel Number
142266-0000
Land Assessment
$647,702
Improvements Assessment
$801,698
Total Assessment
$1,449,400
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Bldg B | 6501 Arlington Expy