Office Medical

Riverfront Professional Center

644 Cesery Blvd, Jacksonville, FL 32211

Listing Price: $2,990,000

Cap Rate
4.99%
Gross SF
33,239
Rentable SF
33,239
Price/Gross SF
$89.95
Year Built
1971
Lot Size
3.38 acres

Investment Overview

Riverfront Professional Center is beautiful office building with easy access to Downtown, University Blvd, and Arlington Expressway. This property is located on the North bank of the Arlington River, with riverfront views and water access for boaters and rowers.

This property currently sits at 67.0% occupancy, and offers a new owner significant value-add opportunity in a well-constructed building. The continuing demand for single-family homes in infil neighborhoods like Arlington is gentrifying the neighborhood. Additionally, two large, obsolete office buildings in Arlington are slated for conversion to multi-family, which will not only increase demand for commercial space but also reduce competing inventory.

Jacksonville is a high-growth, sun-belt city with 6.9% projected growth over the next five years. The area's low cost of living is a driving factor for new residents. The recent corona virus interruptions have resulted in even more population growth as new residents emigrate from dense urban centers.

Investment Highlights

  • Riverfront Office Space with Boat Access to Arlington River
  • Value-add Opportunity
  • Best Location In Arlington Submarket
  • 5.0/ 1000 Parking Ratio
  • Pristine Common Areas

Exclusively Listed By

Office Medical

Riverfront Professional Center

Listing Price: $2,990,000

Cap Rate
4.99%
Gross SF
33,239
Rentable SF
33,239
Price/Gross SF
$89.95
Year Built
1971
Lot Size
3.38 acres

Investment Highlights

  • Riverfront Office Space with Boat Access to Arlington River
  • Value-add Opportunity
  • Best Location In Arlington Submarket
  • 5.0/ 1000 Parking Ratio
  • Pristine Common Areas

Investment Overview

Riverfront Professional Center is beautiful office building with easy access to Downtown, University Blvd, and Arlington Expressway. This property is located on the North bank of the Arlington River, with riverfront views and water access for boaters and rowers.

This property currently sits at 67.0% occupancy, and offers a new owner significant value-add opportunity in a well-constructed building. The continuing demand for single-family homes in infil neighborhoods like Arlington is gentrifying the neighborhood. Additionally, two large, obsolete office buildings in Arlington are slated for conversion to multi-family, which will not only increase demand for commercial space but also reduce competing inventory.

Jacksonville is a high-growth, sun-belt city with 6.9% projected growth over the next five years. The area's low cost of living is a driving factor for new residents. The recent corona virus interruptions have resulted in even more population growth as new residents emigrate from dense urban centers.

Exclusively Listed By

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