$3,500,000 SALE
Industrial
120,100 SF
5245 Old Kings Road
Jacksonville, FL 32254 Old Kings Industrial Investment Opportunity



Industrial investment opportunity with 54,000 sf currently leased to Builders Best, A national well established US manufacturer of venting products that has been on site since September of 2006. SippTech, The Global Leader in Sprayed In Place Pipe Technologies currently occupies 62,000 sf and just renewed their lease for an additional five years effective January 2019. Great Wood Products Inc. just executed a new three year lease for the last remaining 4,100 sf space. All three tenants have annual increases built into their lease and wish to remain on site long term.


Property Type Industrial
Property Use Net Leased Property
Year Built 1956
Level Number 1
Max Continuous Area 120,100
Min Divisible Area 120,100
Sub-Lease 3
Zoning IL and CCG-2
Tax Year 2018
Cap Rate Percentage 10.52
Listing ID 2TG7N6
Style Warehouse
Building Size 120,100 SF
Lot Size 8.53 AC
Available Date Jul 5th, 2019
Taxes $32,886

Property Highlights

10.52% + Pro-Forma Cap Rate once remaining 2.34 acres are leased!

9.59%+ Cap Rate based on current Actual Numbers!

Building Now at 100% Occupancy!

Property Features
Docks: 5
Water: City Water
Lot Size: 5-10 Acres
Age: Over 50 Years Old
Basement: None
Sewer: Public
Financials
Gross Income: $429,427
Expenses: $61,163
Additional Media Area Demographics