Bowden Pointe Jacksonville,Florida

$6,390,000
Available
Property type:Multi-Tenant / Shopping Center

The space

  • Listing Price: $6,390,000
  • Cap Rate: 7.60%
  • Gross Square Feet: 50,527
  • Price/Gross SF: $125.72
  • Lot Size: 3.86 Acres (168,142 SF)
  • Year Built: 1988

Description

5730 Bowden Rd, Jacksonville, Florida 32216

Investment Highlights

  • Central Jacksonville Location
  • Interstate 95 Frontage with High Visibility Signage
  • Easy Access to I-95, University Boulevard and J. Turner Butler Boulevard (SR-202)

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Bowden Pointe (the “Property”). Located in the popular Philips/ University micro-market in central Jacksonville, this three-building park offers approximately 50,500 square feet of space at the crux of Interstate 95, Bowden Road, University Boulevard, Philips Highway and Southpoint Business Park. The Property offers a variety of credit tenants, and the permissible CCG-1 & CCG-2 zoning allows even more uses.

Many of the tenant spaces have been upgraded with new HVAC units, and the roof has been restored
within the last three years. A new owner can immediately add value by filling the final 5,634 square feet of space. Additionally, the signage facing I-95 is another easy source of potential revenue, with only one company currently making use of it.

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