Office

Title & Trust Company of Florida Building

Listing Price: $2,495,000

Cap Rate
6.20%
Gross SF
11,670
Rentable SF
11,670
Price/Gross SF
$213.80
Lot Size
0.25 acres
Year Built
1928

Investment Overview

The Title & Trust Company of Florida building was built in 1929 on the North bank of Downtown Jacksonville. While the skyline of Jacksonville has changed substantially in that time, the core of Jacksonville's city government and downtown amenities remains centered around this property. This property is a historically registered building (Ref# 90000312) that has adapted and remained a relevant professional space over the last 92 years.

Located across the street from the Duval County Tax Collector's Downtown Building, Jessie B Smith Memorial Plaza, and the Florida Theatre, the Title & Trust Company of Florida building has been home to numerous local law firms over the last few years. This property has the added convenience of surface parking that is included and adjacent to the building, which is especially desirable in the downtown core.

Downtown Jacksonville is on the cusp of a renaissance. 1,747 apartment units have been built within 2 miles of the Title & Trust Company building since 2015. 978 units are currently under construction with 1,488 new apartment units proposed. The Jacksonville Shipyards project on the North bank is currently making infrastructure improvements to prepare for development and The District on the South bank is preparing development plans. With these new changes, the center of Downtown will shift East, and Downtown's several amenities will only become more popular.

This is an opportunity to build wealth in a historical building during a high-growth period for downtown Jacksonville. This building is currently home to 11 local law firms, many of whom have leased space here for multiple years. A new owner can earn returns from a conscientious management strategy, record low interest rates, and submarket appreciation over the next few years. Alternatively, an owner-user can move into a beautiful office building with high-end finishes and secured parking spaces just steps away from the back door.

Investment Highlights

  • Pristine historical building in heart of downtown Jacksonville's amenities
  • Downtown Jacksonville is on the cusp of a renaissance
  • Property has value-add potential and long-term tenants in place
  • Secured parking included with the property
  • Investor and owner-user potential

Exclusively Listed By

Office

Title & Trust Company of Florida Building

Listing Price: $2,495,000

Cap Rate
6.20%
Gross SF
11,670
Rentable SF
11,670
Price/Gross SF
$213.80
Lot Size
0.25 acres
Year Built
1928

Investment Highlights

  • Pristine historical building in heart of downtown Jacksonville's amenities
  • Downtown Jacksonville is on the cusp of a renaissance
  • Property has value-add potential and long-term tenants in place
  • Secured parking included with the property
  • Investor and owner-user potential

Investment Overview

The Title & Trust Company of Florida building was built in 1929 on the North bank of Downtown Jacksonville. While the skyline of Jacksonville has changed substantially in that time, the core of Jacksonville's city government and downtown amenities remains centered around this property. This property is a historically registered building (Ref# 90000312) that has adapted and remained a relevant professional space over the last 92 years.

Located across the street from the Duval County Tax Collector's Downtown Building, Jessie B Smith Memorial Plaza, and the Florida Theatre, the Title & Trust Company of Florida building has been home to numerous local law firms over the last few years. This property has the added convenience of surface parking that is included and adjacent to the building, which is especially desirable in the downtown core.

Downtown Jacksonville is on the cusp of a renaissance. 1,747 apartment units have been built within 2 miles of the Title & Trust Company building since 2015. 978 units are currently under construction with 1,488 new apartment units proposed. The Jacksonville Shipyards project on the North bank is currently making infrastructure improvements to prepare for development and The District on the South bank is preparing development plans. With these new changes, the center of Downtown will shift East, and Downtown's several amenities will only become more popular.

This is an opportunity to build wealth in a historical building during a high-growth period for downtown Jacksonville. This building is currently home to 11 local law firms, many of whom have leased space here for multiple years. A new owner can earn returns from a conscientious management strategy, record low interest rates, and submarket appreciation over the next few years. Alternatively, an owner-user can move into a beautiful office building with high-end finishes and secured parking spaces just steps away from the back door.

Exclusively Listed By

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