245 E Adams St | Jacksonville, FL 32202
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245 E Adams St
Jacksonville, FL 32202
Powell Bldg · Office Property For Sale
Investment Highlights
- Fully leased, buy and hold investment
Executive Summary
JLS Investment Realty is proud to present a fully leased, two-story, office building in Downtown Jacksonville.
This 7,400+ Sq Ft. office building is fully leased to Vibe Live Studios. A business dedicated to teaching music and enriching lives.
Tenant on a NNN lease with 5 years remaining, yearly increases, and one -5-year option to renew.
Excellent location in front of a public parking garage. The property has 5 dedicated parking spaces in the rear and plenty of street parking.
This 7,400+ Sq Ft. office building is fully leased to Vibe Live Studios. A business dedicated to teaching music and enriching lives.
Tenant on a NNN lease with 5 years remaining, yearly increases, and one -5-year option to renew.
Excellent location in front of a public parking garage. The property has 5 dedicated parking spaces in the rear and plenty of street parking.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
7,690 SF
Building Class
C
Year Built
1954
Price
$1,500,000
Price Per SF
$195
Cap Rate
7.38%
NOI
$110,633
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,692 SF
Building FAR
1.47
Lot Size
0.12 AC
Zoning
CCBD - Commercial Central Business District
Parking
5 Spaces (0.68 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Accent Lighting
- Central Heating
- High Ceilings
- Reception
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 073442-0000 | Improvements Assessment | $584,000 |
| Land Assessment | $114,900 | Total Assessment | $698,900 |
PROPERTY TAXES
Parcel Number
073442-0000
Land Assessment
$114,900
Improvements Assessment
$584,000
Total Assessment
$698,900
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