8801 Southside Boulevard, Jacksonville, FL

Timberlin Village

Asset Description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Timberlin Village, a 124,901 square foot retail center situated on 10.45 acres. Timberlin Village was a former Bed Bath & Beyond anchored center accompanied by other Bed Bath & Beyond concepts including buybuy Baby and Christmas Tree Shops. Following BBB’s bankruptcy and rejection of their lease, the property’s is 32% leased to PetSmart and First Place Fitness.

Strategically located along Southside Boulevard between I-95 (0.3 miles to the west) and I-295 (2.1 miles to the east), Timberlin Village has excellent visibility and high accessibility. Serving an affluent trade area with average household income over $100,000 within 3 miles, the submarket is experiencing booming residential growth with over 4,800 units planned/under construction within 5 miles.

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Attributes

Building area net

11,604 m²

Occupancy

32%

Year built

1997

Land area net

4.23 ha

WALT

4 years

Zoning

PUD - Commercial Neighborhood (CN)

Media

Investment Highlights

Significant Value Add Potential With Three Highly Visible and Functional Vacant Boxes
South Jacksonville Submarket Has Averaged 95% Occupancy And Rents Have Grown 65% Since 2013.
Super Regional Trade Area Given the Location Between I-95 and I-295
Affluent Surrounding Demographics With +$100,000 AHHI And $2.4B In Buying Power Within 3 Miles
Booming Residential Growth With +4,800 Units Planned/Under Construction Within 5 Miles