Center Building

Highlights:

• INSTITUTIONAL QUALITY INCOME PRODUCING OFFICE COMPLEX
• VALUE-ADD ON AN ALREADY STRONG IN-PLACE CASH FLOW
• GREAT LOCATION / NEARBY AMENITIES
• CAPTIVE AND DENSE TRADE AREA

Description:

SVR Commercial, as exclusive advisor, is privileged to present the opportunity to acquire The Center Building located at 7825 Baymeadows Way, Jacksonville, FL 32256 (Jacksonville MSA) (the “Property”). The Property consists of (3) three-story office buildings totaling 94,067 rentable square feet, situated on 9.65 acres of land. The Property was built in 1976, renovated in 2023, and is currently 84.7% occupied by a diverse group of well-regarded national and regional office tenants, including several federal government and state department tenants. The building offers 24/7 security, an on-site cafe, fiber connectivity, ample parking, a serene campus setting offering lake views, and a courtyard gazebo, all perfectly complemented by a new courtyard for networking and relaxation.

Located in the heart of Southpoint at the immediate intersection of Interstate 95 and J. Turner Butler Boulevard (JTB), which serves Jacksonville areas, beaches, and Ponte Vedra. The building is within immediate proximity to the 1 million square foot St. Johns Town Center, St. Luke’s Hospital, Deerwood Country Club, and the University of North Florida. The property is also surrounded by top, A-rated public and private schools, outstanding recreational opportunities, tremendous demographics, and access to all major arteries within the metropolitan area. Most importantly, it is situated in the core of the Butler/Baymeadows submarket, the dominant office submarket in Jacksonville, with roughly 10.5 million square feet of office space.

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