5225 Edgewood CtJacksonville, FL 32254

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

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.

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

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