4909 Victor Street

• Infill Location Along the Southside Industrial Corridor — Positioned ±1.0 mile from Philips Highway (US-1) and ±1.4 miles from I-95, the property offers regional access and is within minutes of Downtown Jacksonville, San Marco, and the Southside/Baymeadows business district. Infill industrial sites of this size are increasingly scarce in the urban core, which supports long-term tenant demand and asset value.
• Functional Building with Outdoor Storage — The site features a 20,325 SF concrete block building on a 1.39-acre lot, with a favorable 33.57% building-to-land coverage ratio. The excess land accommodates fleet parking, equipment, and material storage. This flexible mix of warehouse, office/flex, and outdoor storage space appeals to a deep pool of service contractors and supports strong tenant retention.
• Stabilized, Low-Management Investment — The property is 100% leased to Creative MultiCare, LLC, and delivers an attractive cap rate from day one. Approximately ±5.0 years remain on the initial lease term, and 3% annual rent escalations provide built-in income growth and a hedge against inflation. The favorable NN+ lease structure limits landlord responsibilities, making this an ideal hands-off investment.
• Established Tenant with a Recession-Resilient Business Model — Founded in 1992, Creative MultiCare has expanded to four locations across Jacksonville, Tampa/St. Petersburg, Orlando, and Atlanta. The company provides maintenance and repair services to apartment communities and single-family rental property managers. This is a needs-based service that remains in demand across economic cycles, as occupied housing requires ongoing upkeep.
• Below-Market Rent with Fair Market Value Renewal — Flex buildings in the San Marco industrial corridor command average asking rents of $16.00/SF net, compared with the tenant’s current rent of $10.61/SF net—approximately 34% below asking rates. The renewal option resets rent to fair market value, providing investors an opportunity to capture rental upside during the option period.