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(904) 373-8033
Real Estate Company
622 Cassat Avenue, Jacksonville, FL 32205
- $2,550,000
- 12,639
- SqFt
- List Price
- $2,550,000
Property Description
Fully leased multi-tenant retail asset strategically positioned at the intersection of I-10 and Cassat Avenue in West Jacksonville. The approximately 12,236 SF property is 100% occupied by seven tenants, providing investors with a diversified and established income stream from day one. Property generates approximately $171,109 in annual NOI, representing an attractive 6.70% cap rate. The property benefits from excellent visibility and accessibility along Cassat Avenue, immediately adjacent to the I-10 interchange. I-10 carries approximately 136,000 vehicles per day, providing significant exposure and convenient connectivity to Downtown Jacksonville, surrounding employment centers, and the greater Jacksonville market. A prominent pylon sign along Cassat Avenue further enhances tenant visibility and identification.
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Listing courtesy of PETRA MANAGEMENT INC..
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