4925 Bulls Bay Highway, Jacksonville, FL, 32219, US

4925 Bulls Bay Hwy

Descrição do ativo

Jones Lang LaSalle, Inc. (“JLL”) has been exclusively retained to market for sale the fee simple interest in the 4925 Bulls Bay Highway (the “Property”) – a 198,408 SF distribution center located within the booming Westside submarket in Jacksonville, FL.

Constructed in 2006, the property is fully leased to Henry Schein, a global leader in distributing health care products and services, primarily to dental and medical practitioners (NASDAQ: HSIC | 2024 Revenue: $12.7B).

This property, the newest of Henry Schein’s two Jacksonville locations, builds upon the company’s 23-year history in the submarket. The highly functional, side-load facility features 25’ clear height, 25 dock-high doors, 125’ truck courts depths, 321’ building depth and 126 parking stalls. The building will be further enhanced via a $1.53M expenditure to add HVAC to the warehouse. This addition expands the building’s capabilities, allowing the tenant to safely store temperature-sensitive pharmaceutical products going forward.

The Property is located immediately adjacent to Jacksonville’s Beltway, I-295, and within minutes to I-10 and I-95. This strategic location provides convenient access to more than 70 million consumers and exceptional connectivity to the Jacksonville CSX Intermodal terminal and JaxPort, a critical component to Henry Schein’s logisics network.

4925 Bulls Bay Hwy offers investors an opportunity to acquire an exceptionally well-located and highly functional industrial building in one of Jacksonville’s best-performing submarkets with guaranteed rent from a Fortune 500 tenant and long term value creation opportunities.

...

Atributos

Área de construção líquida

18.433 m²

Área de terreno bruta

5,4 ha

Inquilinos

Henry Schein

Ocupação

100%

Ano de construção

2006

Mídia

Destaques do investimento

Institutional quality, 198,408 SF side-load facility at a strategic Jacksonville location ideal for Southeastern US distribution.

Fully leased with 5.5 years of term remaining to Henry Schein, a leading global distributor of healthcare products and services with global revenue of $12.7B.

The Property expands upon Henry Schein's initial Jacksonville "mega" distribution center in the same park, which has been in operation since 2002. As one of only five such centers nationwide, it underscores Henry Schein's strong commitment to Jacksonville as the homebase for its Southeast operations.

Henry Schein reported $12.7 billion in sales for 2024, reflecting a compound annual growth rate of approximately 11.2% since going public in 1995. With over 90 years in business and a track record of strategic acquisitions (approximately 200 since 1989), Henry Schein exhibits resilience and adaptability.

Approximately 2.25 excess acres available to be converted to trailer storage or building expansion presents long term value creation opportunities.

Exceptional multimodal location in Jacksonville’s Westside submarket, offering superior access to the southeastern U.S. market via I-295 and I-10, with easy access to I-95 and I-75.