Belfort 1

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 Belfort 1, located at 7751 Belfort Parkway, Jacksonville, Florida 32256 (the “Property”). The Property consists of (1) three-story office building totaling 70,525 square feet that is located on 8.53 Acres. The Property was built in 1989 and renovated in 2019, and currently has an occupancy of 91.6%. Belfort 1 offers a high-stability anchor tenant, the Cancer Specialists of North Florida (18,381 SF), which uses this location as the headquarters for its rapidly expanding practice. The Property is also home to several well-regarded national and Regional office tenants, including publicly traded Invitation Homes, an S&P 500 company (NYSE: INVH).

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, 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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