Westland Park Plaza _Property for Sale
Westland Park Plaza _Property for Sale
6000 Lake Gray Boulevard, Jacksonville, FL

Westland Park Plaza

Asset Description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Westland Park Plaza, a 163,259 square foot community center situated on ±16.63-acres at the cross section of Blanding Blvd. and Lake Gray Blvd. adjacent to Interstate 295, with average traffic counts of 151,000 vehicles per day. The Property is leased to a roster of national retailers led by LA Fitness, Guitar Center, Overstock Furniture as well as Plato’s Closet and Once Upon a Child.


At 54.7% occupancy, Westland Park Plaza represents a truly rare opportunity to reposition a ±16.63-acre retail center with regional accessibility serving a rapidly glowing and affluent trade area in one of the country’s fastest-growing markets, Jacksonville, Florida.


...

Attributes

Building area net
15,167 m²
Occupancy
54.7%
Year built
1989
Land area gross
6.73 ha
Parking spaces
583

Media

Investment Highlights

  • Unprecedented anchor repositioning opportunity offered ~ 75% below replacement coast


  • Multiple value enhancement levers with clear path to doubling NOI over the next 5 years


  • Strategic, high exposure location with dense population and proximity to major employment hubs


  • Extraordinary Jacksonville retail fundamentals
Westland Park Plaza  4_Property for Sale
Westland Park Plaza  4_Property for Sale

Contact brokers

Westland Park Plaza (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
21 Oct 2024