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Presentation Title Here EXCLUSIVE LISTING SEARS Jacksonville, FL DISCLAIMER CONFIDENTIAL MEMORANDUM AND Seller reserves the right, at its sole and absolute discretion, to professionals to determine whether hazardous or toxic wastes DISCLAIMER withdraw the Property from being marketed for sale at any time or substances (such as asbestos, PCBs and other contaminant and for any reason. Seller and Agent each expressly reserve or petrochemical products stored in underground tanks) or other 9501 Arlington Expressway, Jacksonville, Florida (“Property”) is the right, at their sole and absolute discretion, to reject any and undesirable materials or conditions are present at the Property being offered for sale in an “as-is, where-is” condition and Seller all expressions of interest or offers regarding the Property and, if so, whether any health danger or other liability exists. and Agent make no representations or warranties as to the and/or to terminate discussions with any entity at any time, with Such substances may have been used in the construction or accuracy of the information contained in this Offering or without notice. This offering is made subject to omissions, operation of the building or may be present as a result of the Memorandum. The enclosed materials include highly correction of errors, change of price, or other terms prior to sale previous activities at the Property. Depending upon past, confidential information and are being furnished solely for the or withdrawal from the market without notice. Agent is not current and proposed uses of the Property, it may be prudent to purpose of review by prospective purchasers of the interest authorized to make any representations or agreements on retain an environmental expert to conduct a site investigation described herein. Neither the enclosed materials nor any behalf of Seller. and/ or building inspection. information contained herein is to be used for any other purpose Seller shall have no legal commitment or obligation to any Various federal, state and local authorities have enacted laws or made available to any other person without the express interested party reviewing the enclosed materials, performing and regulations dealing with the use, storage, handling, written consent of the Seller. Each recipient, as a prerequisite to additional investigation, and/or making an offer to purchase the removal, transport and disposal of toxic or hazardous wastes receiving the enclosed, should be registered with Cushman & Property unless and until a binding written agreement for the and substances. If hazardous or toxic substances exist or are Wakefield of Illinois, Inc., as a “Registered Potential Investor”. purchase of the Property have been fully executed, delivered, contemplated to be used at the Property, special governmental The use of this Offering Memorandum and the information and approved by Seller and any conditions to Seller’s approvals or permits may be required. In addition, the cost of provided herein is subject to the terms, provisions and obligations there-under have been satisfied or waived. removal and disposal of such materials may be substantial. limitations of the confidentiality agreement furnished by Agent Consequently, legal counsel and technical experts should be prior to delivery of this Offering Memorandum. By taking possession of and reviewing the information consulted where these substances are or may be present. contained herein, the recipient agrees that (a) the enclosed The enclosed materials were prepared on September 1, 2016 materials and their contents are of a highly confidential nature Cushman & Wakefield of Illinois, Inc. makes no representation and are being provided solely to facilitate the prospective and will be held and treated in the strictest confidence and shall and assumes no obligation regarding the presence or absence investor’s own due diligence for which it shall be fully and solely be returned to Agent or Seller promptly upon request; and (b) of toxic or hazardous waste or substances or other undesirable responsible. The material contained herein is based on the recipient shall not contact employees or tenants of the materials on or about any property ultimately sold. It is solely the information and sources deemed to be reliable, but no Property directly or indirectly regarding any aspect of the responsibility of the potential investor to conduct investigations representation or warranty, express or implied, is being made by enclosed materials or the Property without the prior written to determine the presence of such materials. Agent or Seller or any of their respective representatives, approval of the Seller or Agent; and (c) no portion of the affiliates, officers, employees, shareholders, partners, and enclosed materials may be copied or otherwise reproduced Radon is a naturally occurring radioactive gas that, when it has directors, as to the accuracy or completeness of the information without the prior written authorization of Seller or Agent or as accumulated in a building in sufficient quantities may present contained herein. Summaries contained herein of any legal or otherwise provided in the Confidentiality and/or Registration health risks to persons who are exposed to it over time. other documents are not intended to be comprehensive Agreement executed and delivered by the recipient(s) to Additional information regarding radon and radon testing may statements of the terms of such documents, but rather only Cushman & Wakefield of Illinois, Inc. be obtained from your county public health unit. outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability The Americans with Disabilities Act is intended to make many whatsoever for the accuracy or completeness of the information business establishments equally accessible to persons with a contained herein or any other written or oral communication or REAL ESTATE BROKER’S DISCLOSURE variety of disabilities; modifications to real property may be required. State and local laws also may mandate changes. information transmitted or made available or any action taken or All parties to real estate transactions should be aware of the Cushman & Wakefield of Illinois, Inc. is not qualified to advise decision made by the recipient with respect to the Property. health liability and economic impact of environmental factors on you as to what, if any, changes may be required now, or in the Interested parties are to make their own investigations, real estate. Cushman & Wakefield of Illinois, Inc. does not future. Any Registered Potential Investor should consult the projections and conclusions without reliance upon the material conduct investigations or analysis of environmental matters and, attorneys and qualified design professionals of their choice for contained herein. accordingly, urges its clients to retain qualified environmental information regarding these matters. If you have no interest in the Property at this time, please NICHOLAS KANICH, Director JULIE BOHN, Director return this Offering Memorandum immediately to: Cushman & Wakefield Cushman & Wakefield [email protected] [email protected] +1 312 470 1811 +1 904 380 8332 Investment Overview INVESTMENT SUMMARY SITE SUMMARY Address 9501 Arlington Expressway Zoning CCG-1 Jacksonville, Florida Parking Paved and Striped Price $5,250,000 Infrastructure In place from previous use Building Size (SF) ±200,000 Previous Use Retail Department Store Price/SF Building = $26.25 Land = $6.70 Potential Uses Big Box Retailer, Office, Mixed-Use, Retail/Flex, Showroom/Flex, Institutional, Ecommerce, Call Center, Site Size (SF/AC) 784,080/18.00 Data Center, Self-Storage, Technical School, Church PIN 123028-0300 Taxes 2015 $94,802.52 Type of Ownership Fee Simple BUILDING SUMMARY Year Built 1981 Stories Two Building Height (Ft) 36 Floor Height (Ft) 18 Column Spacing (Ft) 25 Exterior-Structural/Roof Brick-Concrete/ Steel Frame-T&G As exclusive broker, Cushman and Wakefield of Florida, Interior/Floor Drywall/ Tile and Carpet Inc. is pleased to present for sale the Sears site, a 200,000 +/- square foot department store in the Regency Center Electrical/Mechanical Functional Mall in Jacksonville, Florida. The property benefits from an Rollup Delivery Doors Dock-high= 7; Grade/Drive-in= 2 18-acre site plan with ample paved parking situated in Three (North, West, South of close proximity to Home Depot, Lowes, Target and the Main Entrance Points property) AMC Theaters. Situated just 10 miles from Atlantic Beach and 5 miles from Downtown Jacksonville, the property is strategically positioned with excellent access and exposure to Atlantic Boulevard, Southside Boulevard Connector, Arlington Expressway and Interstate 295. Area Map 14,500 AADT 26,500 AADT Regency Square Mall Site Plan Regency Square Boulevard Dillards Subject Property JC Road Monument Penney 18 Acres Impact Center Atlantic Boulevard Recent activity in the Regency Square Mall includes: • International Décor Outlet leasing of 200,000 square feet signed bringing 100-200 • Previous Belk’s department store consisting of 191,000 square feet sells to employees and 80 store fronts to connect consumers and contractors directly with Impact Church for $7M. The Impact Center will become the international manufacturers, including space provided for restaurants – April 2017 First Phase headquarters for the entity which has a total of 11 locations - August 2016 and Second Phase “Asian Town” to open in Q3-2017 with expected Asian Grocer purchased and similar
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