Centurion Plaza

Highlights

• GREAT LOCATION WITH NEARBY RESTAURANTS AND AMENITIES
• The Property is positioned in one of the top performing office submarkets in the city. The Deerwood Office submarket draws tenants from all over the city due to its central location, proximity to upscale residential neighborhoods, and access to major roads including Butler Boulevard, I-95, and I-295. The property is just down the road from the St. John’s Town Center, which is the dominant outdoor lifestyle center in Jacksonville with over two million square feet of retail, restaurants, apartments and amenities.
• SMALL AVERAGE SUITE SIZE
• The building benefits from 10 demised suites with an average size of 5,180 square feet. These suite sizes benefit from a post COVID office market that seeks out smaller, suburban office spaces not as disrupted by remote work.
• VALUE-ADD OR USER BUYER OPPORTUNITY
• There is an opportunity to increase occupancy and rates to the submarket average. In addition to the value add opportunity, there is also the possibility for a buyer to occupy a portion of the building. The Property is also currently positively cash flowing.
• PROXIMITY TO MAJOR ROADS
• The Property has easy and quick access to I-95, US-1, San Jose Blvd and J Turner Butler Blvd providing a convenient commute throughout the entire Jacksonville MSA..
• CAPTIVE AND DENSE TRADE AREA
• There is a population of 200,344 with an average household income of $98,574 within a 5-mile radius of the Property. In addition, there are 138,654 daytime employees.
• FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX
• This offering provides the opportunity to invest in the Jacksonville, FL MSA, which is benefiting from major population and employment growth. Jacksonville has consistently seen some of the largest increases in net population inflow in the entire country for the past several years and was named the #2 hottest job market in America by the WSJ in 2024.

Description

Centurion Plaza consists of a three-story, multi-tenanted office building totaling 60,587 gross square feet. The Property is situated on 4.33 acres of land located in the heart of the Jacksonville MSA. Value-Add or User Buyer opportunity in the Deerwood Office submarket. There is an opportunity to increase occupancy and rates to the submarket average. In addition to the value add opportunity, there is also the possibility for a buyer to occupy a portion of the building. The Property is also currently positively cash flowing.

Centurion Plaza is positioned in one of the top performing office submarkets in the city. The Deerwood Office submarket draws tenants from all over the city due to its central location, proximity to upscale residential neighborhoods, and access to major roads including Butler Boulevard, I-95, and I-295. The property is just down the road from the St. John’s Town Center, which is the dominant outdoor lifestyle center in Jacksonville with over two million square feet of retail, restaurants, apartments and amenities.