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Single-Tenant Industrial

Barron's Tire HQ - Prime Jacksonville Industrial

1302 Eastport Rd, Jacksonville, FL 32218

Listing Price: $13,900,000

Cap Rate
3.04%
Lot Size
8.06 acres
Year Built
1954
Rentable SF
118,000

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale the Corporate Headquarters for Barron’s Wholesale Tire – “BWT” (the “Property”), an approximately 118,000-square-foot, industrial distribution warehouse with of?ce in Jacksonville, Florida. The most recent addition of 30,000 +/- SF of warehouse and of?ce space was constructed in 2006 and is fully sprinklered and served with a standby generator. The property, located at 1302 Eastport Road, is the premier site for tenants that require JAXPORT for importing/exporting. The offering provides an investor a value-add opportunity through raising rents to current market rates. The current tenant is operating on a NNN Lease with a rental rate of less than four dollars per square foot. Comparable industrial warehouse spaces in the Ocean Way submarket are achieving rents between $5-$6 PSF.

Investment Highlights

  • 103K SF WAREHOUSE - 15K SF OFFICE - 2.5 +/- ACRES PAVED IOS
  • TOP SUBMARKET FOR INDUSTRIAL DEVELOPMENT IN Q2 2022
  • YOY INDUSTRIAL RENT GROWTH ABOVE 13%
  • PAVED OUTDOOR STORAGE FOR 60+ CONTAINERS

Exclusively Listed By

Financing By

Single-Tenant Industrial

Barron's Tire HQ - Prime Jacksonville Industrial

Listing Price: $13,900,000

Cap Rate
3.04%
Lot Size
8.06 acres
Year Built
1954
Rentable SF
118,000

Investment Highlights

  • 103K SF WAREHOUSE - 15K SF OFFICE - 2.5 +/- ACRES PAVED IOS
  • TOP SUBMARKET FOR INDUSTRIAL DEVELOPMENT IN Q2 2022
  • YOY INDUSTRIAL RENT GROWTH ABOVE 13%
  • PAVED OUTDOOR STORAGE FOR 60+ CONTAINERS

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale the Corporate Headquarters for Barron’s Wholesale Tire – “BWT” (the “Property”), an approximately 118,000-square-foot, industrial distribution warehouse with of?ce in Jacksonville, Florida. The most recent addition of 30,000 +/- SF of warehouse and of?ce space was constructed in 2006 and is fully sprinklered and served with a standby generator. The property, located at 1302 Eastport Road, is the premier site for tenants that require JAXPORT for importing/exporting. The offering provides an investor a value-add opportunity through raising rents to current market rates. The current tenant is operating on a NNN Lease with a rental rate of less than four dollars per square foot. Comparable industrial warehouse spaces in the Ocean Way submarket are achieving rents between $5-$6 PSF.

Exclusively Listed By

Financing By

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