Upgraded Distribution
For Sale
$9,500,000
8051 Bayberry Road, Jacksonville, FL 32256
Corporate-guaranteed tenancy and recent site improvements support a low-maintenance industrial investment.
Property Size40,128 SF
Days on Market50
Property Features for 8051 Bayberry Road
General Information
Standard status
Active
Size
40,128 SF
Property subtype
Commercial
Net Operating Income
$527,288
Financials
Asking Price
$9,500,000
Cap Rate
5.55%
Site & Location
Neighborhood
Baymeadows
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Sprinkler System
Yes
Building Details
Building Size
40,128 SF
Listed By:
Mike Salik · License #License No. BK3450037 (FL)
(904) 322-7602
Source:
Matthews
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mike Salik
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Investment Insights
Based on property information with market context.
This 40,128-square-foot distribution center is leased to Elliott Electric Supply, an electrical distributor operating more than 300 locations across 14 states. The lease includes a corporate guarantee and 3.5% annual rent escalations. Recent improvements include parking lot resealing and striping, a new fire-suppression system, full perimeter fencing, and roof and structural inspections, reducing near-term capital requirements.
The property is positioned in Jacksonville’s Southside industrial corridor along Butler Boulevard, with access to I-95 and I-295. Its location also places the facility near JAXPORT and within an area described as having strong logistics demand and population growth. The offering reflects a 5.55% going-in cap rate, with the projected Year-7 yield reaching 6.4%.
The property is positioned in Jacksonville’s Southside industrial corridor along Butler Boulevard, with access to I-95 and I-295. Its location also places the facility near JAXPORT and within an area described as having strong logistics demand and population growth. The offering reflects a 5.55% going-in cap rate, with the projected Year-7 yield reaching 6.4%.
Key Highlights
- 40,128‑square‑foot distribution center
- Leased to Elliott Electric Supply, which operates 300+ locations across 14 states
- Corporate‑guaranteed lease with 3.5% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,246
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,884,920
$6.9M
Cap Rate 7%
$4,917,800
$4.9M
Cap Rate 9%
$3,824,956
$3.8M
Market Conditions
NOI Build-Up for 40,128 SF
Gross rent
$428.6K $10.68/SF
− Vacancy
−$23.6K −$0.59/SF
EGI
$405.0K $10.09/SF
− OpEx
−$60.7K −$1.51/SF
NOI
$344.2K $8.58/SF
Area
ZIP 32256
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,884,920
Cap Rate 7%
$4,917,800
Cap Rate 9%
$3,824,956
Alternative Uses
Best Use
Warehouse
$4.92M
$4.30M – $5.74M
NOI $344,246 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$4.05M
$3.54M – $4.72M
NOI $283,497 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$10.70M
$9.37M – $12.49M
NOI $749,270 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Explore this area
Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Distribution center - Corporate-guaranteed tenancy and recent site improvements support a low-maintenance industrial investment.
Where is this distribution center located?
The property is located at 8051 Bayberry Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 40,128‑square‑foot distribution center; Leased to Elliott Electric Supply, which operates 300+ locations across 14 states; Corporate‑guaranteed lease with 3.5% annual rent escalations
