243-245 Lane Avenue North, Jacksonville, FL, 32254, US

243 Lane Avenue North

Asset description

Jones Lang LaSalle is exclusively marketing 243 Lane Ave N (the “Property”), a 95,905 SF industrial facility in the highly sought-after Jacksonville market. Built in the 1960s, 243 Lane Ave N features an abundance of desirable building features including heavy on-site power (2,800 Amps), ample auto parking and over one (1) acre of paved outdoor storage space, offering highly accretive upside with minimal upkeep requirements while accommodating user demand of various shapes and sizes. Additionally, the Property has undergone over $250,000 in improvements since 2024, mitigating near-term capital expenses.

The Property is located just one (1) mile from I-10, the fourth longest interstate in the United States, paired with seamless access to both I-295 and I-95, offering connectivity to the entirety of the Jacksonville MSA and its primary demand drivers, including a twenty (20) minute drive to both Jacksonville International Airport (JAX) and Port of Jacksonville (JAXPORT).

Overall, 243 Lane Ave N presents a unique opportunity to acquire a highly-functional industrial asset with substantial capital investment and abundant outdoor storage space in the red-hot Jacksonville, Florida market.

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Attributes

Building area net

8,910 sm

Loading docks

Grade level doors

Zoning

Light Industrial (LI)

Media

Investment highlights

HIGHLY-FUNCTIONAL INDUSTRIAL FACILITY

The masonry constructed property affords floorplate flexibility catering to either single-tenant or multi-tenant use through existing and separately dedicated docking and curb cuts

ABUNDANT INDUSTRIAL OUTDOOR STORAGE SPACE

1+ acre laydown yard affords abundant storage in addition to a 210’-deep motor court for truck-driving convenience

HEAVY POWER OFFERING TENANT FLEXIBILITY

Existing on-site power of 2,800 Amps is well-suited for manufacturing tenants requiring heavy power usage

EXCEPTIONAL HIGHWAY ACCESSIBILITY

Located minutes from Florida's most heavily trafficked interstates, I-10, I-295, and I-95, providing immediate access to all pockets of the Jacksonville MSA

STRONG INDUSTRIAL FUNDAMENTALS

The Jacksonville industrial market is one of the highest performing markets in the Southeast sporting an average 5-year occupancy rate above 96% with average NNN asking rents increasing by 94.4% since 2020 (+14.5% CAGR)

SIGNIFICANT CAPITAL IMPROVEMENTS

In 2024, over $250,000 in capital projects were completed at the Property with further asphalt and dock equipment repairs coming Q2/Q3 2025, mitigating near-term capital costs for future Ownership

OWNER-USER OPPORTUNITY