Building 1 | 6789 Southpoint Pky
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Building 1 6789 Southpoint Pky
5,040 SF Office Building Jacksonville, FL 32216 £1,251,918 (£248/SF) 6% Net Initial Yield
Investment Highlights
- New Five Year Lease from Behaviral Therapy Tenant
- Median Household Income $67,809
- 6% Cap Rate With 3% Annual Increases and Full Pass Throughs
- Centrally Located Near Interstate 95 and State Road 202
- Located Within the Highly Desirable Southpoint Business Park Near Saint Vincents Ascension Hospital
Executive Summary
Marcus & Millichap is pleased to present Southpoint Commons, a 12,582 square foot office park fronting Southpoint Pkwy and located in a professional office community in
the Southside sub-market of Jacksonville, FL. The three buildings on this parcel are situated on 1.92 acres and were built in 2006. The two buildings located on the western side of the property each contain 5,040 square feet of rentable space, and the one building located on the eastern side of the parcel has 2,495 square feet of rentable space. Building 100 is 5040 SF, which has currently just been leased with a fresh five year triple net lease by a Behaviral Therapy tenant. Tenant will begin occupancy January 1,2025. Ascension Saint Vincent’s Southside Hospital and two rehab centers, Wekiva Springs and Woodland Grove, are within one mile of the subject, creating demand for medical office tenants who service the same patients and prefer to be in close proximity to the aforementioned facilities. Ideally lcoated near Interestate 95 and J Turner Butler for quick access.
the Southside sub-market of Jacksonville, FL. The three buildings on this parcel are situated on 1.92 acres and were built in 2006. The two buildings located on the western side of the property each contain 5,040 square feet of rentable space, and the one building located on the eastern side of the parcel has 2,495 square feet of rentable space. Building 100 is 5040 SF, which has currently just been leased with a fresh five year triple net lease by a Behaviral Therapy tenant. Tenant will begin occupancy January 1,2025. Ascension Saint Vincent’s Southside Hospital and two rehab centers, Wekiva Springs and Woodland Grove, are within one mile of the subject, creating demand for medical office tenants who service the same patients and prefer to be in close proximity to the aforementioned facilities. Ideally lcoated near Interestate 95 and J Turner Butler for quick access.
Data Room Click Here to Access
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,040 SF
Building Class
B
Year Built
2006
Price
£1,251,918
Price Per SF
£248
Net Initial Yield
6%
NOI
£75,115
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,040 SF
Building FAR
0.06
Land Acres
1.92 AC
Zoning
IBP-2
Parking
23 Spaces (4.56 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Centrally located at the I-95, US-1 and Butler Blvd interchange. Previously used as a children's special education school. Available immediately.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,040 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 5,040 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Floor
| Size | 5,040 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Centrally located at the I-95, US-1 and Butler Blvd interchange. Previously used as a children's special education school. Available immediately.
PROPERTY TAXES
| Parcel Number | 152570-2150 | Improvements Assessment | £1,121,385 |
| Land Assessment | £393,625 | Total Assessment | £1,515,009 |
PROPERTY TAXES
Parcel Number
152570-2150
Land Assessment
£393,625
Improvements Assessment
£1,121,385
Total Assessment
£1,515,009
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Simon Grigoryan -
Marcus & Millichap | Simon Retail Group
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Building 1 | 6789 Southpoint Pky
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