Concentrix Campus_Property for Sale
Concentrix Campus_Property for Sale
8000 Baymeadows Way, Jacksonville, FL, 32256, US

Concentrix Campus

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire 8000 Baymeadows Way (the “Offering”, “Property”, or the “Site”). The Property is currently the office campus for Concentrix, the current owner of the Property. Concentrix plans to vacate 6-12 months after the disposition of the asset, leaving the 32.2-acre Site available for development or an owner-user. Currently zoned “IBP” (Industrial Business Park), there is potential for both industrial and residential development.


The current offering includes the chance to acquire the Property through a short-term negotiable sale-leaseback agreement with Concentrix. This arrangement allows the buyer to collect income from an investment grade (S&P: BBB), nationally recognized tenant and to cover carrying costs while obtaining any necessary development approvals and permits. Located in the Butler/Baymeadows submarket of Jacksonville, directly in between I-95 and US-1, the property benefits from exceptional amenities, demographics, and connectivity. The property is strategically located in the path of future growth for the Jacksonville MSA.


The Offering’s excellent location combined with it’s advantageous business plan flexibility make it one of the most compelling covered land plays currently available in Florida.

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Attributes

Building area net
456,617 sf
Buildings
5
Zoning
Zoning flexibility to develop residential or industrial
Land area gross
1,402,632 sf

Media

Investment highlights

  • RARE LARGE LAND ASSEMBLAGE OPPORTUNITY
  • The site has 32.2 Acres across 4 parcels.
  • SIGNIFICANT BUSINESSPLAN OPTIONALITY
  • Unique owner-user or redevelopment opportunity.
  • BBB CREDIT RATING
  • Concentrix, an investment grade S&P: BBB rated company is willing to negotiate a short-term sale-leaseback to cover carry costs.
  • FLEXIBLE ZONING
  • Parcels zoning allows for multiple potential redevelopment opportunities.
  • CONVENIENT ACCESS
  • Located in the Butler/Baymeadows submarket just minutes from I-95, Philips Hwy, and SR-9B.
  • ROBUST BUSINESS HUB
  • Jacksonville is the fastest growing metro market in the state of Florida and a top 5destination for millennials relocating.
Concentrix Campus 4_Property for Sale
Concentrix Campus 4_Property for Sale

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Concentrix Campus (0 Properties)

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Last updated
Nov 7, 2024