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29855811
29855812

5200-5322 Pearl Street, Jacksonville, FL 32208

CP
FL SL 3537442
Rore Investment Group
Listed by Rore Investment Group
$5,500,000
100 days on market
Updated 68 days ago

Pearl Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 47,285
Net Rentable (SqFt) 47,285
Cap Rate 9.61%
NOI $528,736
Occupancy 92.1%
Rent Bumps Yes
Pro-Forma Cap Rate 10.42%
Pro-Forma NOI $572,956
Price per SqFt $116
Year Built 1955
Year Renovated 1995
Stories 1
Acreage 5.440
Zoning CN
Parking Spaces 288 spaces
Parking Per SqFt 6.09

Retail | 9.61% CAP | 47,285 SqFt

Marketing description

Seize a fantastic investment opportunity at 5200-5322 N Pearl St, Jacksonville, FL. This strategically located commercial property boasts 47,285 square feet of versatile retail space on a generous 5.44 Acre lot, making it an excellent candidate for a variety of tenants looking to capitalize on high foot traffic. The excellent visibility ensures maximum exposure for any business, presenting an attractive prospect for investors prioritizing occupancy rates and tenant demand.

With an abundance of parking providing convenience for both customers and staff, this property offers a distinct competitive edge. As an investor, you'll appreciate the potential for strong NOI returns and the opportunity for upward appreciation through smart ownership strategies and increasing the occupancy. Consider this property as a cornerstone of your investment portfolio and explore its potential for generating stable cash flow in a growing market.

We have included an Excel sheet with all relevant financial information in the due diligence vault. For any questions, please email charles@rorerealty.com.

Investment highlights

  • Value add opportunity to increase occupancy

  • High cap rate

  • 288 Parking spaces

  • 460’ of frontage on Pearl Street, 588’ on 444th

Listing Contacts

CP
FL SL 3537442
Rore Investment Group
Listed by Rore Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$528,736.00
$44,061.33/mo

Valuation Metrics

0
DSCR
9.61%
Cap Rate
9.61%
ROI

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Additional Information

Name
Charles Pessin
License
SL 3537442
Brokerage Phone
3475041692
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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