2113 W 30th St, Jacksonville, FL 32209

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2113 W 30th St, Jacksonville, FL 32209

Investment - Crowley Maritime Corp / Linx, LTD: 2113 W 30th St, Jacksonville, FL 32209

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For Sale

Industrial

For Sale

This property is available for sale

2.81

Acres

$5,400,000

Sale Price

Year Built
1968 (Renovated 2008)

Overview
Investment deal in a building that is 100% leased to 2 corporate credit tenants. Tenant 1 is Crowley Maritime who have a new five (5) year lease with two 3 year extension options. They are a $2+ billion in annual revenues and 5,300 employees worldwide. Tenant 2 is Linx, LTD who have been a tenant at 30th St for 12 years. They have expressed a desire to execute a 3 year lease extension.

Asking Price: $5,400,000 | CAP Rate: 7.25%
NOI: $389,515
82% leased to Crowley Maritime Corp; 18% to Linx, LTD
New five (5) year lease with Crowley (9/1/2017- 11/30/2022)
Rentable SF: 122,432± SF
Lease Type: NNN (landlord responsible for roof and exterior walls)
Rent Increases: 3% annual base rent increases
Guarantee: Corporate Lease guarantees

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Property Details

Investment - Crowley Maritime Corp / Linx, LTD

Investment deal in a building that is 100% leased to 2 corporate credit tenants. Tenant 1 is Crowley Maritime who have a new five (5) year lease with two 3 year extension options. They are a $2+ billion in annual revenues and 5,300 employees worldwide. Tenant 2 is Linx, LTD who have been a tenant at 30th St for 12 years. They have expressed a desire to execute a 3 year lease extension.

Asking Price: $5,400,000 | CAP Rate: 7.25%
NOI: $389,515
82% leased to Crowley Maritime Corp; 18% to Linx, LTD
New five (5) year lease with Crowley (9/1/2017- 11/30/2022)
Rentable SF: 122,432± SF
Lease Type: NNN (landlord responsible for roof and exterior walls)
Rent Increases: 3% annual base rent increases
Guarantee: Corporate Lease guarantees