5225 Edgewood CtJacksonville, FL 32254

  • Industrial properties
  • 22,260 SF
For Sale
$3,035,400 View listing

Property Details for 5225 Edgewood Ct

Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.86 AC
Property size (Sq ft)
22,260 SF
Zone code
IH
Property type
Industrial properties
Property subtype
Distribution centers
APN
059297-0000
APU
592970000

Description

This exceptional investment opportunity presents a fee-simple, 28,165-square-foot industrial property in Jacksonville, Florida. The property, situated on a generous 1.86-acre lot, features three buildings totaling 28,165 square feet of net rentable area. The main building, constructed in 1960 and renovated in 2019, boasts 22,772 square feet of concrete construction, including the roof deck, ensuring durability and low maintenance. Two additional buildings contribute 2,947 and 2,446 square feet respectively. The property includes two dock-high doors and 14-foot ceilings. Currently 100% occupied by CSS Fireplaces & Outdoor Living under a landlord-friendly NNN lease with a corporate guarantee, the lease features a 4-year term commencing October 1, 2024, and expiring September 30, 2028, with a single five-year renewal option. Annual rent increases of 4% provide inflation protection. The property is zoned IH and benefits from a prime location near I-10 and I-295, offering easy access to major transportation arteries within the Jacksonville MSA. The asking price is $3,035,400, representing a compelling 6.00% cap rate and a price per square foot of $107.77. The property's strong tenant, robust lease terms, and strategic location make it an attractive investment opportunity. The Net Operating Income (NOI) is $182,124.

5225 Edgewood Ct, Jacksonville, Florida

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3255
Longitude
-81.7372
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
$13,985
$202,555
$632,245
$834,800
-
$202,555
$632,245
$834,800

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