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 | |
| Updated | February 7th, 2018 |
| Type | Industrial |
| Price | $1,900,000 |
| Building | 19,064 Sq. Ft. |
| Land | 0.85 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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