Investment Overview

Marcus and Millichap is pleased to present the subject property, located at 13121 Atlantic Blvd. Jacksonville, FL 32225. Located within the only exclusive professional office park in the area, Harbour Place Professional Park, this 6,768 SF structure is situated upon 0.6 acres and was built in 2002, has concrete panel exterior walls, and was reroofed in 2022. There is heavy commercial and residential use nearby, with the property fronting Atlantic Blvd., 54,000 vehicles per day, and there are ~193,000 residents within a 5-mile radius with an average household income of ~$117,000. Directly across the street, there is a Publix-anchored neighborhood retail center, and other major retailers such as Lowe’s, Winn-Dixie, The Home Depot, and BJ’s Wholesale Club are right down the road. Two tenants occupy all 4 suites in the building, Proactive Life Skills and Pacifica Care. Proactive Life Skills has leased its 3 suites since 2017 and is in its fourth year of a seven-year lease, and Pacifica Care has been in its space since 2011, and is in a 6-month option that can potentially be extended, or their tenancy can be replaced with an owner-user or new tenant. Both tenants have below-market rents, resulting in the property having rents ~27% below market; the base rent/SF for the property is $19.41/SF, whereas for the market it is $26.66/SF. Therefore, a prospective investor or owner-user can capitalize on potential rental increases as soon as July 2026 for suite 100 and by April 2030 for suites 200, 300, and/or 400.