BLDG SQ. FT

OFFICE

WHSE/STOR/SHOP

TOTAL

AVAILABLE

USE/ZONING

YEAR BUILT

DIVISIBLE

CLEAR HEIGHT

PARKING

LOT SIZE

POWER

UTILITIES

DOORS/DOCK

+/- 16 ,565 SQ. FT WAREHOUSE FOR LEASE

108 BADGER PARK DRIVES T . J O H N S C O U N T Y J A C K S O N V I L L E , F L

CONTACT

PROPERTY INFORMATION

LEASE TERMS

COMMENTS

4,420

12,145

+/-16,565

11/1/2017

4100/LIGHT MANUFACTURING

2003

CONTACT AGENT

14’0” – 21’

22

+/- 1.22 ACRES

3 PHASE, 480 VOLTS, 600 AMP

CENTRAL WATER & SEWER

3 – GRADE LEVEL, 1- DEEP WELL LOADING

$6.50 NNN $1.20 ESTIMATED PASS THROUGH EXPENSE

Great Location – Within a mile of I-95 on CR210 in rapidly growing NW St. Johns County

Adjacent to Twin Creeks development with easy access to Nocatee and Durbin Park

Clear span warehouse with oversized doors and deep loading

Includes 4,400 square foot office including multiple offices, reception area and workroom

Well groomed and landscaped lot with ample parking

SINA VENUS │ SALES ASSOCIATE

T: 904. 704. 0296

E: VENUS@KILLASHEEINV.COM

MARK T. FARRELL │ BROKER

T: 904. 280. 4444

E: FARRELL@KILLASHEEINV.COM

Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.

1 I-95 N @ 210 0.8 mi 1 min

2 US-1/Phillips Hwy 1.9 mi 3 min

3 Nocatee 5.5 mi 9 min

4 I-95 N @ I–295 9.1 mi 8 min

5 St. Johns Town Center 16.7 mi 22 min

6 St. Augustine, FL 17.9 mi 26 min

7 Orange Park, FL 20.8 mi 25 min

8 Downtown Jacksonville 23.2 mi 26 min

9 Jaxport - Tallyrand Entrance 25.0 mi 28 min

10 Jacksonville Int’l Airport 37.7 mi 44 min

1 23

4

5

6

7

8

9

10

Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.

DISTANCE & DRIVE TIME

TO SUBJECT

SUBJECT AERIAL

Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.

1) 20’ CLEAR WAREHOUSE+/- 2,600 SQUARE FEETLOADING: 12 X 14’ DOCK-HIGH (DEEP WELL) 10X10 GRADE-LEVELSLAB: 5”

2) STORAGE/WORKROOMS +/- 2,730 SQUARE FEET CLEARANCE: APPROX 12’ HIGH DROP CELING LOADING: FRONT SPACE 12’ X 12’ GRADE LEVEL 8 X 10 GRADE LEVEL (FROM 20’ CLEAR WAREHOUSE)SLAB: 5”FULLY AIR CONDITIONED

3) OFFICES+/- 4,420 SQUARE FEET DEDICATED RECEPTION ROOM AT FRONT ENTRANCE TWO OVERSIZED EXECUTIVE SUITES WITH WOOD FLOORING CONFERNECE ROOM MENS & WOMENS REST ROOMS BREAKROOM

4) STORAGE/STORE FRONT +/- 2,925 SQUARE FEETCLEARANCE: 14’ MINIMUM CLEAR HEIGHT SLAB: 4”PLUMBING: WATER AND SEWER ROUGH-INS

5) MEZZANINE+/- 3,900 SQUARE FEET CLEARANCE: APPROX AVERAGE 8 1/2’ (MIN 7’, MAX 10’)BAY DOORS FROM #1 WAREHOUSE FOR LOADING

STAIRS

STAIRS

ST

AIR

S

FORKLIFT

LOADING

ST

AIR

S

MEZZANINE

DEEP

WELL

20’ CLEAR

WAREHOUSE14’ CLEAR

WAREHOUSE

BATH

BATH

CONFERENCE

ROOM

OFFICES

12 X

14

10 x 10 12 x 12

10 x 10

8 X

10

12 x 14

ENTRANCE

1 2 3 4

5

INDICATES DOORWAY

Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.

SITE SKETCH

WORK

ROOMS

20’ CLEAR WAREHOUSE20’ CLEAR WAREHOUSE

20’ CLEAR WAREHOUSE

TO MEZZANINE

ENTRANCE

OFFICE

WORK ROOM

WORK ROOM

14’ CLEAR WAREHOUSE

MEZZANINE

MARKET SUMMARY

Market Overview

A summary of key real estate supply and demand market indicators reveals that during the second quarter the Jacksonville warehouse/distribution

market experienced positive net absorption, rising effective rents, and downward movement in the market's vacancy rate. It is important to look at

each of these critical barometers in more detail and from both a historical and forecast perspective.

Asking and Effective Rent

Asking rents in Florida's most populous city increased by 0.5% during the second quarter of 2017. The market's streak of eight consecutive quarterly

gains, which began in Q3 2015, has increased asking rents by a cumulative total of 3.8%. Since the beginning of Q3 2010, the metro as a whole has

recorded an annual average decline of 0.8%. Effective rents, which exclude the value of concessions offered to prospective tenants, increased by 0.6%

during the second quarter. During the past four quarters, positive movement in asking rent was recorded in all six of the metro's submarkets.

Outlook

Between now and year's end, no new competitive warehouse/distribution stock will be introduced to the metro, and Reis estimates that net total

absorption will be positive 357,000 square feet. Consequently, the vacancy rate will continue to drift downward to finish the year at 12.4%. During 2018

and 2019, construction activity under surveillance is projected to deliver a total of 5.4 million square feet. Industrial employment growth at the metro

level during 2018 and 2019 is projected to average 0.7% annually, enough to facilitate an absorption rate averaging 2.3 million square feet per year.

Because this amount does not exceed the forecasted new construction, the market vacancy rate will rise by 10 basis points to finish 2019 at 12.5%.

Between now and year-end 2017 asking rents are expected to rise 1.0%, while effective rents will advance by 1.1%. On an annualized basis through 2018

and 2019, asking and effective rents are projected to climb by 2.3% and 2.5%, respectively.

Competitive Inventory, Employment, Absorption

Total employment in the Jacksonville metropolitan area grew by 3,700 jobs during the second quarter, representing a growth rate of 0.5%, while

industrial employment grew by 300. Since the beginning of Q3 2010, the average growth rate for industrial-using employment in Jacksonville has been

1.2% per year, representing the average annual addition of 700 jobs. Leasing activity generated 552,000 square feet of absorption during the second

quarter. Over the last four quarters, market absorption totaled 532,000 square feet, 3.0% greater than the average annual absorption rate of 516,285

square feet recorded since the beginning of Q3 2010. In a long-term context, the second quarter vacancy rate is 2.7 percentage points lower than the

15.7% average recorded since the beginning of Q3 2010.

Although all information furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and is submitted subject to errors, omissions, changes of price, rental or other conditions, prior to assignment, of contract, sale, lease or financing or withdrawal without notice.