Belfort 3

Highlights:

• EXCEPTIONAL ACCESSIBILITY: Ideally situated just southeast of the Interstate 95 and J. Turner Butler Boulevard (JTB) interchange, the Property offers unparalleled connectivity for employees commuting across the Jacksonville MSA. The site is located less than 4 miles from Interstate 295, approximately 7 miles south of Downtown Jacksonville, and just 10 miles north of St. Johns County—one of the fastest-growing residential corridors in Northeast Florida.
• POSITIONED IN A HIGH-GROWTH, BUSINESS-FRIENDLY MARKET: This investment opportunity is located within the Jacksonville, FL MSA—one of Florida’s most dynamic and rapidly expanding markets. Jacksonville continues to experience substantial population and employment growth, ranking among the top metros in the U.S. for net population inflow over recent years. In 2024, The Wall Street Journal recognized Jacksonville as the #2 Hottest Job Market in the U.S.. The region also benefits from Florida’s business-friendly environment, including no state income tax, further enhancing its appeal to employers and residents alike.
• HIGH-DEMAND SMALL BAY INDUSTRIAL WITH DOCK HIGH DOORS: These highly functional buildings feature dock-high loading doors in every suite—18 in total—with an additional 14 knock-out panels for future expansion. Boasting 18-foot clear heights and modern all-glass storefronts, the properties offer both efficiency and curb appeal. Notably, less than 25% of buildings under 50,000 square feet in this submarket are equipped with dock-high doors. Among those that are, the vacancy rate is a mere 2.6%, underscoring strong demand for this type of product. Constructed entirely of durable Concrete Masonry Units (CMU), these buildings represent superior quality and long-term resilience.
• IMMEDIATE VALUE-ADD POTENTIAL: Approximately 32% of the rent roll is set to expire in 2026, presenting a compelling opportunity to increase base rental income in the near term. The current expiring lease—River City Church—is paying below-market rent at $11.00/SF, compared to the submarket average of $12.00/SF. This delta offers upside through mark-to-market leasing.
• OWNER-USER FLEXIBILITY: In addition to strong investment fundamentals, the property offers flexibility for partial owner occupancy. This makes it an ideal opportunity for investors seeking both income and operational space, or for businesses looking to control their occupancy costs while benefiting from long-term asset appreciation.

Description:

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Belfort 3, located at 7900-7950 Belfort Pkwy in Jacksonville, Florida 32256 (the “Property”). The Property consists of two small bay industrial warehouses totaling 81,363 square feet. This highly desirable dock-high industrial property is situated on 4.96 acres of land in Jacksonville’s Southpoint submarket. The Property is well located on the southeast corner of JTB and I-95.. The property is 97% occupied by 6 tenants with no tenant making up more than 32% of the income.

Ideally situated just southeast of the Interstate 95 and J. Turner Butler Boulevard (JTB) interchange, the Property offers unparalleled connectivity for employees commuting across the Jacksonville MSA. The site is located less than 4 miles from Interstate 295, approximately 7 miles south of Downtown Jacksonville, and just 10 miles north of St. Johns County—one of the fastest-growing residential corridors in Northeast Florida.