For Sale
$1,935,000

13121 Atlantic BlvdJacksonville, FL 32225

Jacksonville Office Building, 6,768 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-story, 6,768-square-foot traditional office building situated on a 0.6-acre lot at 13121 Atlantic Blvd in Jacksonville, Florida. The property boasts a 100% occupancy rate with two tenants, one of which has been in place since 2011, and the other in year two of a seven-year lease. The building, constructed in 2002, features a NNN lease structure and offers a stabilized investment profile with a current NOI of $127,176 and a pro-forma NOI of $131,627, resulting in a 6.57% cap rate and a pro-forma cap rate of 6.80%. The asking price is $1,935,000, translating to a price per square foot of $285.90. Located in a prime location with high visibility on Atlantic Boulevard (54,000 vehicles per day), the property benefits from its position within the area's only exclusive professional office park, surrounded by significant commercial and residential development. The property is zoned PUD and lease options are available. This is a fee-simple ownership opportunity with strong potential for future rent growth due to varying lease terms and a low vacancy rate (4.7%) for comparable office space in the surrounding area.

Property Details for 13121 Atlantic Blvd

Property type
Office properties
Square Feet
6,768 SF
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
26,136 SF
Units
2

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3205197
Longitude
-81.4636267
13121 Atlantic Blvd, Jacksonville, Florida

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13121 Atlantic Blvd
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