C O M M E R C I A L L A N D F O R S A L E +/- 1 A C O U T PA R C E L S AVA I L A B L E P R I C E : $ 1 8. 0 0 P E R S Q. F T. C O U N T Y R O A D 2 1 0 W E S T S T. J O H N S C O U N T Y J A C K S O N V I L L E, F L 3 2 2 5 9 DETAILS Great Location Within a mile of I-95 on CR210 Adjacent to Twin Creeks DRI: 5,000 homes 2.9 MM office, retail, others Frontage: +/- 980 ft on CR 210 Available in +/- 1 acre parcels with on-site master retention Land Use: PUD, includes retail, office, light industrial Zoning: 1000 Vacant Commercial Parcel#: 0260500080 CONTACT SINA VENUS SALES ASSOCIATE T: 904. 704. 0296 E: VENUS@KILLASHEEINV.COM MARK T. FARRELL BROKER T: 904. 280. 4444 E: FARRELL@KILLASHEEINV.COM Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.
SUBJECT AERIAL TWIN CREEKS DRI Homes: 5,000 Retail: 600,000 sq. ft. Office: 300,000 sq. ft. Light Industrial: 2 million sq. ft. Hotel: 175 rooms Elementary School: 2 Middle School: 1 Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.
DISTANCE & DRIVE TIME TO SUBJECT 1 I-95 N @ 210 0.8 mi 1 min 10 9 2 Beachwalk @ Twin Creeks 0.1 mi 1 min 3 US-1/Phillips Hwy 1.9 mi 3 min 4 Nocatee 5.5 mi 9 min 6 5 I-95 N @ I 295 9.1 mi 8 min 8 5 6 St. Johns Town Center 16.7 mi 22 min 7 St. Augustine, FL 17.9 mi 26 min 2 1 3 4 8 Orange Park, FL 20.8 mi 25 min 9 Downtown Jacksonville 23.2 mi 26 min 10 Jaxport - Tallyrand Entrance 25.0 mi 28 min 7 Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.
S U BJECT AERIAL Proposed Road Alignment and Signal KEY Master Retention & Wetlands Developable Land Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.
SUBJECT AERIAL DETAIL 4b 1 AC 8 1 AC 9a 1.1 AC Owner re-aligning entry in pursuit of lighted signal 4a.9 AC
DEMOGRAPHICS 17, 700 sq. ft Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.
R E TAIL MARKET OUTLOOK JACKSONVILLE Market Overview A comprehensive examination of the Jacksonville retail market reveals that the primary concentrations of speculative retail space are located in the Arlington/Baymeadows/Mandarin submarket, amounting to 8.9 million square feet and 38.4% of the metropolitan inventory, followed by Southwest Duval/Northern Clay, with a 19.9% share, and Beaches (15.9%). Since the beginning of Q4 2007, the fastest growing area has been the Southwest Duval/Northern Clay submarket, adding 504,000 square feet over that period, or 52.8% of total metropolitan retail completions. Asking and Effective Rent Asking rents in Florida's most populous city increased by 0.9% during the third quarter of 2017 to an average of $16.21. Over the past four quarters, asking rents have climbed a total of 1.8%, up from $15.92. Since the beginning of Q4 2007, the metro as a whole has recorded an annual average increase of 0.4%. Effective rents, which exclude the value of concessions offered to prospective tenants, increased by 1.0% during the third quarter to an average of $13.37. During the past four quarters, positive movement in asking rent was recorded in all five of the metro's submarkets. Competitive Inventory, Absorption The metro experienced negative absorption of 64,000 square feet during the third quarter. Over the last four quarters, market absorption totaled 14,000 square feet; by comparison, the average annual absorption rate recorded since the beginning of Q4 2007 is negative 62,800 square feet. In a long-term context, the third quarter vacancy rate is 0.8 percentage points higher than the 11.6% average recorded since the beginning of Q4 2007. Outlook No speculative retail inventory will be introduced for the rest of the calendar year, and Reis estimates that net total absorption will be positive 17,000 square feet. Consequently, the vacancy rate will drift downward by 0.1 percentage points to 12.3%. During 2018 and 2019, construction activity under surveillance is projected to deliver a total of 192,000 square feet. Total employment growth during 2018 and 2019 is expected to average 2.5% annually, while household formations are anticipated to average an increase of 2.4% per year. Over the same period the metro absorption rate is expected to average 125,000 square feet per year. The market vacancy rate will finish 2018 at 12.2% and will fall 0.2 percentage points to 12.0% by year end 2019. Between now and year-end 2017 asking rents are expected to remain at a level of $16.21, and effective rents remain at level of $13.37. On an annualized basis through 2018 and 2019, asking and effective rents are projected to advance by 1.3% and 1.4%, respectively, to finish 2019 at $16.64 and $13.75.
Contact Information Sina Venus, MBA Cell: (904) 704-0296 venus@killasheeinv.com Phone: (904) 280-4444 228 Canal Boulevard, Suite 4 Fax: (904) 280-4400 Ponte Vedra Beach, FL 32082 Website: www.killasheeinv.com