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Property Detail

Southpoint Drive East
57,217+/- square foot lakefront office asset with strong operational upside .
$850,000
Manufacturer: https://newgenadv.com/

Description

  • 57,217+/- square foot lakefront office asset with strong operational upside through a strategic lease-up in an area with a large medical presence.
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  • Excellent positioning just off the heavily trafficked Interstate 95 (130,000+ VPD) and J Turner Butler Boulevard (118,000+ VPD).
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  • Impressive demographic with over 200,300 residents living within 5 miles, with an average HHI above $79K and total spending above $2.3B.
  • Exceptional value-add investment that was formerly occupied by a VA Clinic and has three floors with plumbed exam rooms and a three-story garage.
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  • Located within 1 mile of Ascension St. Vincent's Hospital, a 309-bed full-service hospital and ER with advanced specialty care services.

Executive Summary

Colliers is pleased to exclusively present a rare investment opportunity to acquire a beautiful, five-story lakefront office with tremendous value-add upside and a strong location in the thriving Southpoint submarket of Jacksonville, Florida. 6900 N Southpoint Drive was constructed in 1986 on a spacious 2.38-acre lot abutting a charming lake with water features. The building totals 57,217 square feet across five floors, and there is a three-story parking garage with a parking ratio of 4.3/1,000 square feet, providing 245 parking spaces. A VA clinic previously occupied three floors of this building, and the current layout includes plumbed exam rooms. A new owner will have the opportunity to strategically lease-up approximately 95% of the building.

6900 N Southpoint Drive is ideally positioned just off Interstate 95 and Florida SR 202 (J Turner Butler Boulevard), making it highly accessible to those around Downtown Jacksonville and the Southpoint area. The daily traffic counts along J Turner Butler Boulevard exceeds 118,000 vehicles per day, rising above 130,000 vehicles per day along Interstate 95. The immediate area is amenity-rich with dining options like Casa Maria Tequila Bar & Grill, Dunkin', Dave & Buster's, Le Petit Paris Cafe, McDonald's, Starbucks, Wendy's, Whataburger, World of Beer, Zaxby's, and more. There are also numerous hotels within a 1-mile radius, including Holiday Inn Express & Suites, Wyndham Garden, Sonesta Simply Suites, WoodSpring Suites, TownePlace Suites, Extended Stay America, Hampton Inn, Fairfield Inn & Suites, Baymont by Wyndham, and more. The area has a strong medical presence, and there are a multitude of medical offices, as well as the Ascension St. Vincent's Southside Hospital within 1 mile.

6900 N Southpoint Drive is positioned in the Southpoint submarket, just 15 minutes southeast of Downtown Jacksonville. The 5-mile radius is home to a bustling population north of 200,000 residents with over 125,000 service-producing industry workers. The 5-mile population has a solid average household income above $79,750, with total specified consumer spending above $2.3 billion.

6900 N Southpoint Drive is an excellent value-add investment opportunity with a highly accessible and highly desirable location just off Interstate 95 with proximity to medical users.

Lakefront Office

Listing ID : 00568

SKU: 568

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Price History

DateEventPrice
December 3 2024Listed$850,000.00