201 Pickettville Road

Jacksonville, FL 32220

Listing ID: 187494

$468,000

For Sale

Lot Size Acres 0.700
Building Sq Ft 5,000
Building Price per Sq Ft $93.60
Land Sq Ft 30,491
Land Price per Sq Ft $15.35

201 Pickettville Road Jacksonville, FL 32220 - main image

201 Pickettville Road Jacksonville, FL 32220 - alt image 2

201 Pickettville Road Jacksonville, FL 32220 - alt image 3

Description

Newmark Phoenix Realty Group is please to exclusively offer for sale the fee simple interest (land &building) in a Fastenal leased investment property located at 201 Picketville Road in Jacksonville, Florida.Built originally in 2004 as a build to suit for Lesco, the property consist of 5,000sf of air conditionedwarehouse and office space that sits on approximately .7 acres. The building features a recently signednew three (3) year lease extension with the tenant. The Ownership is currently improving the propertywith a new septic system, new landscaping, tree trimming and a commercial grade fence with doublegates on each side of the property.
• The lease is guaranteed by Fastenal (NYSE: FAST) which is a globally recognized tenant in theindustrial and safety supply industry with over 2,200 branches throughout the US,Canada, Mexico, Puerto Rico and Europe along with 13 distribution centers(www.fastenal.com)
• Successful operating history at the property, illustrating a commitment to the site
• Located in Jacksonville’s most stable and in demand industrial market, with excellent accessto all of Jacksonville’s major thoroughfares and ideally located near Fed Ex, UPS and thebulk mail hub.
• Market rent, with future rate escalations for upside income to the potential investor
• Priced below replacement costs, eliminating investor and developer risk with thechallenges of new construction.
• Ideal deal size for a 1031 Exchange, with attractive financing rates available.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		2,114	35,972	127,895
Population Median Age		38	37	37
Population by Age	0-9 Yrs	264 (12%)	5318 (14%)	18283 (14%)
	10-19 Yrs	411 (19%)	4715 (13%)	16043 (12%)
	20-29 Yrs	153 (7%)	4718 (13%)	18423 (14%)
	30-39 Yrs	236 (11%)	4546 (12%)	17246 (13%)
	40-49 Yrs	288 (13%)	4690 (13%)	16296 (12%)
	50-59 Yrs	330 (15%)	5073 (14%)	16946 (13%)
	60-69 Yrs	235 (11%)	3918 (10%)	14115 (11%)
	70+ Yrs	197 (9%)	2994 (8%)	10544 (8%)

Median HH Income		$42,612	$45,119	$44,036
Total Household Income	< 24K	193 (24%)	3755 (27%)	13643 (27%)
	25-49K	274 (34%)	3663 (27%)	13768 (28%)
	50-74K	174 (22%)	2867 (21%)	9732 (19%)
	75-99K	66 (8%)	1549 (11%)	5386 (10%)
	100-199K	69 (8%)	1439 (10%)	5517 (11%)
	200K+	8 (1%)	176 (1%)	952 (1%)

Highest Education Level	No Diploma	173	3657	12191
	Diploma or GED	594	9351	30837
	Some College	338	5637	19962
	Assoc. Degree	145	2141	8118
	Bachelors Degree	122	2488	10435
	Higher Degree	22	688	4539

Total Housing Units		939	15,330	56,213
--Owner-Occupied		525	7,750	27,614
--Renter-Occupied		258	5,699	21,383
Owner-Occupied Values	< 100K	317	3395	12203
	100-199K	145	3388	10116
	200-299K	50	688	3424
	300-399K	14	135	793
	400-499K	0	38	362
	500K+	0	106	717

Total Working Age Population		1,593	27,559	99,424
In Work Force		895	17,083	63,209
Not In Work Force		697	10,476	36,215
Workforce Employed		803	15,570	57,372
Workforce Unemployed		90	1,440	5,468
Civlian Workforce		893	17,010	62,841
Military Workforce		2	73	369

Total Households		783	13,449	48,997
Family Households		518	8,746	30,216
Non-Family Households		265	4,703	18,781
Married Couple		314	5,034	17,214
Other Family		204	3,712	13,003
Married w/Child		118	1,818	6,051
Single Male w/Child		7	313	1,605
Single Female w/Child		95	1,658	5,291

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Duval County	778,879	+11	864,263	+14	981,852	+12	1,095,165

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.