Office Warehouse

5317 Fairmont Street

5317 Fairmont St, Jacksonville, FL 32207

Listing Price: $1,250,000

Cap Rate
8.10%
Gross SF
20,071
Price/Gross SF
$62.28
Lot Size
0.99 acres
Year Built
1973
Rentable SF
20,071

Investment Overview

Marcus & Millichap is pleased to present; The Fairmount Business Warehouses at 5317 Fairmont St Jacksonville, FL 32207.

The subject offering is a 6-suite industrial building that sits on a .99 acre land parcel with 20,609 square feet of rentable space. This fully leased building is located just 4.5 miles outside of center city Jacksonville, making it a desirable location for small businesses or storage companies to start their business or relocate. 4 out of the 6 current tenants have leases that run through at least until 2023 as well.

The building has had significant capital expenditures over the past 3 years, with the roof being replaced in 2017. The owners have also spent time on getting new garage doors, a new retaining wall, a fresh coat of paint on the exterior, updated landscaping, new security cameras, new asphalt millings in the rear, a fully renovated office for Dexters Contracting, and fully renovated units for Certfied 360 and the Furniture Company. There are 27 parking spots in the front of the property.

With the vacancy rates in Jacksonville being at sub-2 percent, there is a strong demand for warehouse and industrial properties in the Southside Jacksonville market. In recent years, Jacksonville has been experiencing both population and median income growth. The Jacksonville area is a leading transportation and distribution hub in the state, given its deep water port, international airport, and freight-handling facilities. Jacksonville is a major point of entry with many imports and exports passing through its port. Jacksonville is home to 3 US naval bases and has a strong banking and financial services sector, all of which contribute heavily to the areas economy.

Investment Highlights

  • Newly Renovated Industrial Building
  • Six Loading Bays with Roll Up Doors
  • Desirable Location within 5 miles of Downtown Jacksonville
  • 100 Percent Occupied

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $1,250,000

Cap Rate
8.10%
Gross SF
20,071
Price/Gross SF
$62.28
Lot Size
0.99 acres
Year Built
1973
Rentable SF
20,071

Investment Highlights

  • Newly Renovated Industrial Building
  • Six Loading Bays with Roll Up Doors
  • Desirable Location within 5 miles of Downtown Jacksonville
  • 100 Percent Occupied

Investment Overview

Marcus & Millichap is pleased to present; The Fairmount Business Warehouses at 5317 Fairmont St Jacksonville, FL 32207.

The subject offering is a 6-suite industrial building that sits on a .99 acre land parcel with 20,609 square feet of rentable space. This fully leased building is located just 4.5 miles outside of center city Jacksonville, making it a desirable location for small businesses or storage companies to start their business or relocate. 4 out of the 6 current tenants have leases that run through at least until 2023 as well.

The building has had significant capital expenditures over the past 3 years, with the roof being replaced in 2017. The owners have also spent time on getting new garage doors, a new retaining wall, a fresh coat of paint on the exterior, updated landscaping, new security cameras, new asphalt millings in the rear, a fully renovated office for Dexters Contracting, and fully renovated units for Certfied 360 and the Furniture Company. There are 27 parking spots in the front of the property.

With the vacancy rates in Jacksonville being at sub-2 percent, there is a strong demand for warehouse and industrial properties in the Southside Jacksonville market. In recent years, Jacksonville has been experiencing both population and median income growth. The Jacksonville area is a leading transportation and distribution hub in the state, given its deep water port, international airport, and freight-handling facilities. Jacksonville is a major point of entry with many imports and exports passing through its port. Jacksonville is home to 3 US naval bases and has a strong banking and financial services sector, all of which contribute heavily to the areas economy.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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