9995 Gate Parkway, Jacksonville, FL, 32246

Highlights

• PRISTINE ARCHITECTURE AND INFRASTRUCTURE: The Property stands out with its unique European design and world class finishes throughout the common areas. Its pronounced center rotunda, waterfront views, state-of-the-art telecommunications infrastructure, and exterior monument signage make it a prime location for tenants looking for space.
• 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 11 demised suites with an average size of 5,233 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 the possibility for a buyer to occupy the 4th floor of the building.
• 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. For the past several years, Jacksonville has consistently enjoyed some of the biggest increases in net population inflow in the entire country and has been named one of five “supernova” cities by the Urban Land Institute every year since 2021.

Description

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire the Areti Building, located at 9995 Gate Parkway in Jacksonville, Florida 32246 (the “Property”). The Property consists of a four-story, multi-tenanted office building totaling 57,572 square feet. This Class A office property is situated on 5.55 acres of land in Jacksonville’s Deerwood Office submarket. The Property, built in 2002, benefits from its proximity to the iconic St. Johns Town Center and major roads including Butler Boulevard, Interstate 295, and Interstate 95.

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.