Four Points of Jax Retail Portfolio

Highlights:

• Comparable projects are being purchased by other investors with a 7% CAP Rate, indicating strong potential for return on investment.
• The strategic locations of the properties throughout Jacksonville ensure steady occupancy and easy leasing, offering stability for investors.
• With average rents ranging from $16-$22 PSF and a market vacancy rate of less than 7% the Jacksonville retail market presents a favorable environment for retail spaces generating consistent and secure cash flow.
• The property is constructed with all block and concrete roof, making it irreplaceable for less than $275 PSF (including land).
• The Jacksonville market is experiencing a surge in retail property values due to the increasing interest from investors outside the area, driving prices higher and creating favorable conditions for property owners.

Description:

Just Multifamily is pleased to present the outstanding opportunity Retail portfolio. This 34,632 SF four building portfolio surrounded by 1,000+ residential units with walkability as well as road frontage. This four building portfolio would be a robust acquisition for an investor looking to establish themselves in the Jacksonville Retail marketplace.

This retail center portfolio serves as substantial commercial space for not only residents of the central Jacksonville area, but consumers who commute to and from many of Jacksonville’s major industry like: Jacksonville Port, JAX International Airport, Downtown Jacksonville, Jacksonville and Atlantic Beach other industrial, retail, and office occupations.

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