Investment with potential for owner user presents cost savings and cash flow for the owner. There is an opportunity to increase rents to the submarket average. Even with the value add opportunity, the property is currently positively cash flowing. In addition, the property is 60% below market at $84.50/sf. Rent escalations are at 3% and rents 25% roughly below market.

Location Description:

Located on Spring Park Road, the property is centrally located with close proximity to retail, restaurants, hospitals, and schools. The property is strategically at the I-95 exit off of University Blvd. It is also 9 minutes from downtown Jacksonville (5.7 miles) and 5 miles to St. John