+/- 16,565 SQ. FT WAREHOUSE FOR LEASE 108 BADGER PARK DRIVE 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 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 PROPERTY INFORMATION BLDG SQ. FT STORAGE OFFICE WORKROOM STORAGE & DEEP WELL TOTAL AVAILABLE USE/ZONING YEAR BUILT DIVISIBLE CLEAR HEIGHT PARKING LOT SIZE POWER UTILITIES DOORS/DOCK LEASE TERMS CONTACT AGENT COMMENTS 2,925 4,420 2,730 6,500 +/-16,575 IMMEDIATE 4100/LIGHT MANUFACTURING 2003 CONTACT AGENT 14 0 21 22 +/- 1.22 ACRES 3 PHASE, 480 VOLTS, 600 AMP CENTRAL WATER & SEWER 3 GRADE LEVEL, 1- DEEP WELL LOADING Great Location Within a mile of I-95 on CR210 in rapidly growing NW St. Johns County Adjacent to Twin Creeks development with easy access to Nocatee and Durbin Park Clear span warehouse with oversized doors and deep loading Well groomed and landscaped lot with ample parking 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.
10 9 8 DISTANCE & DRIVE TIME TO SUBJECT 1 I-95 N @ 210 0.8 mi 1 min 2 US-1/Phillips Hwy 1.9 mi 3 min 3 Nocatee 5.5 mi 9 min 4 I-95 N @ I 295 9.1 mi 8 min 5 5 St. Johns Town Center 16.7 mi 22 min 7 4 6 St. Augustine, FL 17.9 mi 26 min 7 Orange Park, FL 20.8 mi 25 min 1 2 3 8 Downtown Jacksonville 23.2 mi 26 min 9 Jaxport - Tallyrand Entrance 25.0 mi 28 min 10 Jacksonville Int l Airport 37.7 mi 44 min 6 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 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.
DEEP WELL 12 X 14 8 X 10 FORKLIFT LOADING STAIRS STAIRS MEZZANINE 4 SITE SKETCH 1) STORAGE +/- 2,925 SQUARE FEET CLEARANCE: 14 MINIMUM CLEAR HEIGHT SLAB: 4 PLUMBING: WATER AND SEWER ROUGH-INS 2) OFFICES +/- 4,420 SQUARE FEET DEDICATED RECEPTION ROOM AT FRONT ENTRANCE TWO OVERSIZED EXECUTIVE SUITES WITH WOOD FLOORING CONFERNECE ROOM MENS & WOMENS REST ROOMS BREAKROOM 4 STAIRS 20 CLEAR WAREHOUSE STAIRS 10 x 10 12 x 12 ENTRANCE INDICATES ROLL DOORWAY 3 10 x 10 WORK ROOMS BATH ENTRANCE BATH BATH 2 OFFICES CONFERENCE ROOM ENTRANCE 14 CLEAR WAREHOUSE 12 x 14 ROUGH INS 1 ENTRANCE 3) WORKROOMS +/- 2,730 SQUARE FEET CLEARANCE: APPROX 12 HIGH DROP CELING LOADING: FRONT SPACE 12 X 12 GRADE LEVEL 8 X 10 GRADE LEVEL (FROM 20 CLEAR WAREHOUSE) SLAB: 5 FULLY AIR CONDITIONED 4) 20 CLEAR WAREHOUSE & MEZZANINE WAREHOUSE +/- 2,600 SQUARE FEET LOADING: 12 X 14 DOCK-HIGH (DEEP WELL) 10X10 GRADE-LEVEL SLAB: 5 MEZZANINE +/- 3,900 SQUARE FEET CLEARANCE: APPROX AVERAGE 8 1/2 (MIN 7, MAX 10 ) BAY DOORS FROM #4 WAREHOUSE FOR LOADING 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.
TO MEZZANINE 20 CLEAR WAREHOUSE 20 CLEAR WAREHOUSE 20 CLEAR WAREHOUSE
WORK ROOM ENTRANCE WORK ROOM OFFICE
14 CLEAR WAREHOUSE MEZZANINE
MARKET SUMMARY Market Overview A summary of key real estate supply and demand market indicators reveals that during the second quarter the Jacksonville warehouse/distribution market experienced positive net absorption, rising effective rents, and downward movement in the market's vacancy rate. It is important to look at each of these critical barometers in more detail and from both a historical and forecast perspective. Competitive Inventory, Employment, Absorption Total employment in the Jacksonville metropolitan area grew by 3,700 jobs during the second quarter, representing a growth rate of 0.5%, while industrial employment grew by 300. Since the beginning of Q3 2010, the average growth rate for industrial-using employment in Jacksonville has been 1.2% per year, representing the average annual addition of 700 jobs. Leasing activity generated 552,000 square feet of absorption during the second quarter. Over the last four quarters, market absorption totaled 532,000 square feet, 3.0% greater than the average annual absorption rate of 516,285 square feet recorded since the beginning of Q3 2010. In a long-term context, the second quarter vacancy rate is 2.7 percentage points lower than the 15.7% average recorded since the beginning of Q3 2010. Asking and Effective Rent Asking rents in Florida's most populous city increased by 0.5% during the second quarter of 2017. The market's streak of eight consecutive quarterly gains, which began in Q3 2015, has increased asking rents by a cumulative total of 3.8%. Since the beginning of Q3 2010, the metro as a whole has recorded an annual average decline of 0.8%. Effective rents, which exclude the value of concessions offered to prospective tenants, increased by 0.6% during the second quarter. During the past four quarters, positive movement in asking rent was recorded in all six of the metro's submarkets. Outlook Between now and year's end, no new competitive warehouse/distribution stock will be introduced to the metro, and Reis estimates that net total absorption will be positive 357,000 square feet. Consequently, the vacancy rate will continue to drift downward to finish the year at 12.4%. During 2018 and 2019, construction activity under surveillance is projected to deliver a total of 5.4 million square feet. Industrial employment growth at the metro level during 2018 and 2019 is projected to average 0.7% annually, enough to facilitate an absorption rate averaging 2.3 million square feet per year. Because this amount does not exceed the forecasted new construction, the market vacancy rate will rise by 10 basis points to finish 2019 at 12.5%. Between now and year-end 2017 asking rents are expected to rise 1.0%, while effective rents will advance by 1.1%. On an annualized basis through 2018 and 2019, asking and effective rents are projected to climb by 2.3% and 2.5%, respectively. 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.