Flagler Center + Lakeside Portfolio (Jacksonville FL)

Jones Lang LaSalle (“JLL”) proudly presents an exclusive opportunity to acquire the Lakeside & Flagler Center Office/Flex Warehouse Portfolio (“Portfolio” or “Properties”). This exceptional collection of seven distinguished buildings is nestled in Jacksonville’s flourishing Butler submarket. Spanning 71.5 acres, the Portfolio boasts an impressive 765,190 square feet of space, strategically positioned with seamless access to Interstate 95.

Two flex/warehouse properties with dock-high doors, and two recently renovated, two-story creative office buildings with 13’7” ceiling heights. The portfolio’s unique blend of diverse infrastructure and landmass provides investors with significant business plan optionality. These assets are separately parceled providing an opportunity to easily separate the portfolio for owner users, industrial/warehouse investors and developers alike. The portfolio’s unique blend of diversity and landmass provide investors with extreme business plan optionality.

The Butler/Baymeadows submarket, one of Jacksonville’s most coveted areas, maintains a robust 90% average occupancy and has welcomed over 5,000 new multi-family units in the past five years. At 57.2% occupancy these assets represent a unique, value-add opportunity for lease up of buildings that are of newer vintage for the greater Jacksonville area and are surrounded by numerous amenities. Altogether, this lender owned portfolio provides investors with a value add asset, significant business plan optionality, newer vintage office buildings combined with creative office and warehouse/industrial assets ready for a creative, multipronged business plan to be executed by a new owner.