Property Listing No Longer Available for Sale

530 Cassat Ave, Jacksonville, FL

Industrial for Sale - $1,900,000 - 19,064 Sq. Ft. on 0.85 acres


Property Info

CIMLS#968830
Location
  530 Cassat Ave
  Jacksonville FL 32254
UpdatedFebruary 7th, 2018
TypeIndustrial
Price$1,900,000
Building19,064 Sq. Ft.
Land0.85 acres

Property Description

Purchase Price: $1,900,000

Cap Rate: 6.65%

Single tenant net leased asset on brand new lease

Location Description:

Prime exposure on a highly traveled road less than a 1/8th of a mile off of I-10 in Jacksonville, FL's westside sub-market.

Highlights:

>> Brand new single tenant net lease

>> In-place cap rate 6.65%

>> Tenant has 25 locations along the East coast

>> Landlord only responsible for structure and roof

>> 2% annual escalations

>> Completely renovated from top to bottom, including new roofs on both buildings

>> Tenant has invested approximately $200,000 in the property

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Financials


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