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7660 Gainesville Ave 184,200 SF 100% Leased Industrial Building Jacksonville, FL 32208 $23,157,400 CAD ($125.72 CAD/SF) 3.98% Cap Rate
Investment Highlights
- Low-Basis Entry Point: Offered at $17 million ($92 PSF), substantially below replacement cost for comparable industrial product.
- Additional Land Component: ±1.5 acres of excess developable land for future building expansion, outdoor storage, or parking.
- Functional Loading & Power: 12 dock-high doors, 2 grade-level doors with ramps, 480V 3-phase 1,200 amp power, and fenced truck court.
- Mark-to-Market Rent Opportunity: ±35,000 SF vacancy, with recently completed interior office space, allows for immediate lease-up at market rents.
- Institutional Construction Quality: Concrete and masonry core with metal expansion, clear heights ranging 18'–24', and column spacing of 25'×50'.
- Long-Term Tenant Stability: Sleep Geekz occupies ~80% of NRA with a term through 2032 and annual 3–4% rent increases.
Executive Summary
7660 Gainesville Avenue offers investors the rare opportunity to acquire a well-maintained ±184,200 SF industrial facility on 14.4 acres in Jacksonville’s Northside submarket - a designated Opportunity Zone allowing for substantial long-term tax advantages. The property is offered at a low basis relative to replacement cost, with modern functionality and strong tenant credit anchoring its income profile.
Built in 1962 and expanded in 2008, the asset features 18-24' clear heights, a truck-friendly layout, and a secure fenced yard with gated access. Current occupancy stands at 81%, driven by Sleep Geekz occupying ±148,000 SF through 2032, alongside Westcott Towing, leaving ±35,000 SF of immediately leasable space for value-add upside. The site also includes ±1.5 acres of developable land, creating an additional future phase or outdoor storage opportunity.
Strategically positioned less than 1.5 miles from I-95 and 6 miles from Downtown Jacksonville, the property benefits from efficient access to I-295, I-10, JAX Port, and JAX International Airport - key demand drivers for industrial users. This asset provides investors with immediate cash flow, clear mark-to-market potential, and strong long-term growth in one of Florida’s most dynamic logistics markets.
Built in 1962 and expanded in 2008, the asset features 18-24' clear heights, a truck-friendly layout, and a secure fenced yard with gated access. Current occupancy stands at 81%, driven by Sleep Geekz occupying ±148,000 SF through 2032, alongside Westcott Towing, leaving ±35,000 SF of immediately leasable space for value-add upside. The site also includes ±1.5 acres of developable land, creating an additional future phase or outdoor storage opportunity.
Strategically positioned less than 1.5 miles from I-95 and 6 miles from Downtown Jacksonville, the property benefits from efficient access to I-295, I-10, JAX Port, and JAX International Airport - key demand drivers for industrial users. This asset provides investors with immediate cash flow, clear mark-to-market potential, and strong long-term growth in one of Florida’s most dynamic logistics markets.
Property Facts
| Price | $23,157,400 CAD | Rentable Building Area | 184,200 SF |
| Price Per SF | $125.72 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1962/2008 |
| Cap Rate | 3.98% | Parking Ratio | 0.39/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 14.40 AC | ||
| Zoning | IL - Industrial Light | ||
| Price | $23,157,400 CAD |
| Price Per SF | $125.72 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 3.98% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 14.40 AC |
| Rentable Building Area | 184,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2008 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 2 |
| Opportunity Zone |
Yes |
| Zoning | IL - Industrial Light |
Amenities
- Fenced Lot
- Yard
Utilities
- Water - City
- Sewer - City
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Over 54 million consumers located within an 8-hour drive
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 35,000 SF | Industrial | - | 60 Days |
1st Floor
| Size |
| 35,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 60 Days |
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1st Floor
| Size | 35,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 60 Days |
Over 54 million consumers located within an 8-hour drive
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Property Taxes
| Parcel Numbers | Improvements Assessment | $7,711,860 CAD | |
| Land Assessment | $6,452,096 CAD | Total Assessment | $14,163,956 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,452,096 CAD
Improvements Assessment
$7,711,860 CAD
Total Assessment
$14,163,956 CAD
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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7660 Gainesville Ave
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