for sale former bank branch 4617 sanjuan avenue … · 2017. 8. 24. · executive summary gateway...

F O R S A L EFormer Bank Branch4617 San Juan AvenueJacksonville, Florida 32210

904-221-6505gatewaycapitaldevelopment.com

J. R. PitcairnPresident

904-509-4608eagleshigh.net

Logan HolzPresident

P R E PA R E D B Y G AT E WAY C A P I TA L D E V E L O P M E N T, I N C . & E A G L E S H I G H R E A L E S TAT E A D V I S O R S | 1

Confidentiality StatementThis Memorandum was prepared by Gateway Capital Development and Eagles High Real Estate Advisors and is intended to be proprietary and strictlyconfidential, and should be reviewed only by the party receiving it. The information contained herein does not purport to be all-inclusive, and provides summary information which may not contain all the information a prospective purchaser requires, and is not a substitute for a thorough due diligence investigation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. Gateway Capital Development and Eagles High Real Estate Advisors and the Owner do not make any representations or warranty as to the accuracy or completeness of the information contained in this Memorandum, and that the information used in the preparation and was furnished by Gateway Capital Development and Eagles High Real Estate Advisors by others, and has not been independently verified by either Gateway Capital Development or Eagles High Real Estate Advisors, and is not guaranteed as to completeness or accuracy, including future projected financial performance, the presence or absence of any environmental contamination, and compliance with any governmental regulations. Potential purchasers acknowledge that the Property has been offered for sale subject to withdrawal from the market, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser, or for any other reason whatsoever, without notice. This Memorandum shall continue to be the property of the Owner and Gateway Capital Development and Eagles High Real Estate Advisors, and will be used solely for the purpose of the potential purchaser and may not be copied or duplicated without Gateway Capital Development or Eagles High Real Estate Advisors’ written consent.

ContactFor additional information regarding the proposed offering please contact:

J. R. Pitcairn

Gateway Capital Development, Inc.904-221-6505jrpitcairn@gatewaycapitaldevelopment.com

Logan Holz

Eagles High Real Estate Advisors, LLC904-509-4608logan@eagleshigh.net

Table of ContentsExecutive Summary...........................................................................................................4-9

Offering Highlights........................................................................................................... 7-8

CRMB Permit Description.............................................................................................10-11

Construction Costs and Perpetual Management.........................................................12-15

Exhibits

Exhibit A. Permit Maps and Aerials.........................................................................16-29

Exhibit B. Construction and Management Estimates.............................................30-32

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Executive SummaryGateway Capital Development, Inc.and Eagles High Real Estate Advisors,LLC has been retained by WellsFargo, N.A. as exclusive real estateadvisor and agent with respect tothe sale of a +/- 12,468 square footvacant 2 story free standing bankbranch building with 4 drive-thrulanes on 1.2 acres of land located at4617 San Juan Avenue, Jacksonville,Florida. The property was built in 1962, but was recently vacated aspart of the Owners’ recently announced plan to consolidate andclose some branch offices. It is beingoffered for sale to investors orother alternative owner-users ordevelopers, and there will be a 2 yearrecorded deed restriction againstthe use as a financial institution.

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Property Highlights

• Location: 4617 San Juan Avenue, Jacksonville, Florida 32210

• Building Size: +/- 12,468 square feet, 2 story, with 4 drive-thru lanes

• Land Area: 1.2 acres, improved with paved parking

• Parking: 50 parking spaces

• Zoning: CGC-2 Commercial

• Access: San Juan Avenue and Lexington Avenue

• Traffic Counts: 16,900 AADT on San Juan Avenue

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P R E PA R E D B Y G AT E WAY C A P I TA L D E V E L O P M E N T, I N C . & E A G L E S H I G H R E A L E S TAT E A D V I S O R S | 7

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First Floor

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Second Floor

J. R. Pitcairn

Gateway Capital Development, Inc.904-221-6505jrpitcairn@gatewaycapitaldevelopment.com

Logan Holz

Eagles High Real Estate Advisors, LLC904-509-4608logan@eagleshigh.net