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7660 Gainesville Ave
Jacksonville, FL 32208
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Low-Basis Entry Point: Offered at $17 million ($92 PSF), substantially below replacement cost for comparable industrial product.
- Additional Land Component: ±1.5 acres of excess developable land for future building expansion, outdoor storage, or parking.
- Functional Loading & Power: 12 dock-high doors, 2 grade-level doors with ramps, 480V 3-phase 1,200 amp power, and fenced truck court.
- Mark-to-Market Rent Opportunity: ±35,000 SF vacancy, with recently completed interior office space, allows for immediate lease-up at market rents.
- Institutional Construction Quality: Concrete and masonry core with metal expansion, clear heights ranging 18'–24', and column spacing of 25'×50'.
- Long-Term Tenant Stability: Sleep Geekz occupies ~80% of NRA with a term through 2032 and annual 3–4% rent increases.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 3.98% | Year Built/Renovated | 1962/2008 |
| Property Type | Industrial | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 14.40 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 184,200 SF | ||
| Zoning | IL - Industrial Light | ||
| Sale Type | Investment NNN |
| Cap Rate | 3.98% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 14.40 AC |
| Rentable Building Area | 184,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2008 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 2 |
| Opportunity Zone |
Yes |
| Zoning | IL - Industrial Light |
AMENITIES
- Fenced Lot
- Yard
UTILITIES
- Water - City Water
- Sewer - City Sewer
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,676,662 | |
| Land Assessment | $4,035,538 | Total Assessment | $9,712,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,035,538
Improvements Assessment
$5,676,662
Total Assessment
$9,712,200
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