JACKSONVILLE, FL., – July 25, 2022 – NAI Hallmark, a leading commercial real estate brokerage and property management firm in Jacksonville, announces the sale of Millennium Business Center located at 11744 Beach Boulevard, Jacksonville, FL. NAI Hallmark Managing Partner Keith Goldfaden and Senior Vice President Daniel Burkhardt, SIOR, CCIM, MSRE, represented the seller, Millennium Business Center LLC. The buyer, a private investor, purchased the Property for $7,150,000.
“The strategic location, diverse tenant mix and strong submarket growth trends made this property very attractive to investors.” said Daniel Burkhardt, Senior Vice President at NAI Hallmark. Burkhardt added, “We were able to complete this transaction during a tumultuous time in the capital markets which speaks to the strength of the property and bullish investor sentiment on the Jacksonville market. “
The 35,200 square foot shopping center is located less than 0.5 mile from Interstate 295 on Beach Boulevard (VPD: 56,244), one of Jacksonville’s major east/west corridors and one of the most trafficked roads in Jacksonville. The Property has a strong and diversified tenant rent roll occupied by PPG Architectural Finishes, More Space Place, D-1 Sports, European Leather Gallery and MCCI Medical Group in addition to a billboard lease.
For more information regarding the sale of 11744 Beach Boulevard in Jacksonville, Florida, or any questions relating to investment sales, please get in touch with NAI Hallmark at +1 904 363 9002.
