7910 Baymeadows Way, Jacksonville, FL 32256

For more information as well as the offering memorandum, please visit the property website here: https://platform.reverecre.com/project/b3234369-d9a3-4ab2-b50b-6bda942a8b22
Ideally located in the growing Baymeadows submarket of Jacksonville, Florida, the 22,421 square-foot, two building property is strategically positioned with immediate access to I-95, Phillips Highway, and I-295 allowing for an easy 30-minute drive to Jacksonville International Airport. Recent capital improvements completed at the cost of current ownership including: a $1.3 million base building and tenant improvement package in 2020 for the US Army space, a $1.5 million base building and tenant improvement package (2024 - currently under construction) for the US Navy space, exterior landscape/hardscape/signage improvements, and a 2020 roof re-coat on both buildings. In addition, GSA has self-funded or will self-fund an additional $1,063,000 into the interior construction of their Army and Navy build-outs.
The 15-year term (10-years firm) of the US Army lease commenced in April 2020 and runs through March 2035, with 2 – 5-year renewal options. The building is utilized by the Jacksonville Army Recruiting Battalion who executes professional recruiting operations to assist highly motivated individuals serve in the United States Army and Army Reserve as Commissioned Officers, Warrant Officers, and Enlisted Soldiers. The Baymeadows Café & Grill also occupies a small 1,900 SF Café providing a crucial amenity for both GSA tenants as well as other adjacent office properties.
The US Navy lease was awarded in May 2023 and is expected to commence in July 2024 and runs for a 6-year firm term expiring in June 2030, with 2 - 4-year renewal options. It will officially commence upon the seller’s completion of the tenant improvements, which is the 3rd GSA buildout that has been handled by this team in this location. This new office will serve as the Jacksonville Naval Recruiting Command office which recruits and advises new recruits to deliver combat ready Naval forces to win conflicts and wars while maintaining security and deterrence through sustained forward presence.