201 Pickettville Road
Available SF: ±5,000 SF
Asset Type: Industrial
Address: 201 Pickettville Road, Jacksonville, FL 32220
Contact: Bryan Bartlett, SIOR
Newmark Phoenix Realty Group is please to exclusively offer for sale the fee simple interest (land &building) in a Fastenal leased investment property located at 201 Picketville Road in Jacksonville, Florida.Built originally in 2004 as a build to suit for Lesco, the property consist of 5,000sf of air conditionedwarehouse and office space that sits on approximately .7 acres. The building features a recently signednew three (3) year lease extension with the tenant. The Ownership is currently improving the propertywith a new septic system, new landscaping, tree trimming and a commercial grade fence with doublegates on each side of the property.
• The lease is guaranteed by Fastenal (NYSE: FAST) which is a globally recognized tenant in theindustrial and safety supply industry with over 2,200 branches throughout the US,Canada, Mexico, Puerto Rico and Europe along with 13 distribution centers(www.fastenal.com)
• Successful operating history at the property, illustrating a commitment to the site
• Located in Jacksonville’s most stable and in demand industrial market, with excellent accessto all of Jacksonville’s major thoroughfares and ideally located near Fed Ex, UPS and thebulk mail hub.
• Market rent, with future rate escalations for upside income to the potential investor
• Priced below replacement costs, eliminating investor and developer risk with thechallenges of new construction.
• Ideal deal size for a 1031 Exchange, with attractive financing rates available.
Sale Price: $468,000
Brochure: 201 Pickettville Road