7071 Davis Creek RdJacksonville, FL 32256

  • Industrial properties
  • 21,420 SF
For Sale

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
7071 Davis Creek Rd, Jacksonville, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,487
$519,646
$740,154
$1,259,800
-
$519,646
$740,154
$1,259,800

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