7071 Davis Creek RdJacksonville, FL 32256
- Industrial properties
- 21,420 SF
Property Details for 7071 Davis Creek Rd
- Year built
- 1994
- Construction
- STEEL FRAME
- Lot size
- 2.16 AC
- Property size (Sq ft)
- 21,420 SF
- Zone code
- IL
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 167865-5135
- APU
- 1678655135
Description
This exceptional investment opportunity presents a 21,420-square-foot Class B flex warehouse located at 7071 Davis Creek Rd, Jacksonville, FL 32256, in Duval County. The property boasts a desirable 6.00% cap rate and is currently under a Net Net Net (NNN) lease with a prominent tenant, Thermaserve Mechanical Inc., a leading provider of commercial HVAC, plumbing, and building automation services. The lease commenced September 1st, 2024, and extends through August 31st, 2029, offering a secure, long-term investment horizon. The building, constructed in 1994 and renovated in 2023, features two stories and is zoned IL. The lease includes a 4% annual rent escalation, ensuring consistent income growth. The property includes two loading docks and two dock-high doors, facilitating efficient operations. Currently, 18,000 square feet are leased to the tenant, with 3,420 square feet owner-occupied. This stabilized investment offers a compelling opportunity for long-term growth and passive income generation in a thriving Jacksonville market. The property's strategic location and strong tenant covenant provide a high degree of security and stability for investors seeking a reliable and profitable addition to their portfolio.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,254,066
- Hospitality
- $3,896,702
- Educational
- $3,242,010
- Medical
- $3,353,508
- Retail
- $5,043,126
Location Insight
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Latitude
- 30.1607
- Longitude
- -81.5241
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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