SMOAK MEADOW FARM 3185 State Road 16, Green Cove Springs, FL 32043
Northeast Florida
COLLIERS INTERNATIONAL HOLD FOR DEVELOPMENT OPPORTUNITY COLLIERS INTERNATIONAL 1 smoak
16 N
Exclusive Offering
MORGAN WILLIAMS, MAI BRADLEY COE, MBA, MRE DOUGLAS BLAIR, MSW MATT MCCARTHY, MSRE Associate Director Senior Director Senior Director Client Services Specialist Multifamily Services Multifamily Services Multifamily Services Multifamily Services +1 904 861 1151 +1 904 861 1158 +1 904 861 1101 +1 904 861 1128 [email protected] [email protected] [email protected] [email protected]
COLLIERS INTERNATIONAL 2 TABLE OF CONTENTS
LOCATION OVERVIEW...... 5
TRADE AREA...... 6
ABOUT THE AREA...... 8
DEMOS & EMPLOYMENT...... 9
DIVERSE ECONOMY...... 10
TRANSPORTATION & LOGISTICS...... 11
EDUCATION & MILITARY...... 12
SPORTS...... 13
ARTS & ENTERTAINMENT...... 14
SHOPPING, DINING & OUTDOORS...... 15
CONTACTS...... 16
Northeast Florida COLLIERS INTERNATIONAL 3 3185 State Road 16 SMOAK MEADOW FARM Green Cove Springs, FL 32043
Property Highlights Physical Characteristics • Good Hold for Development Opportunity • 20± acres with 990’ of frontage on State Road 16
• Current In-Place Lease Covers Holding Costs • Man-Made Lake Suited for On-site Retention • Close proximity to New First Coast Expressway to be completed 2026 • Site is 80% Cleared
• In the path of Growth between the Saratoga Springs and Governors Park DRI • No Wetlands and Property is Located Outside the 500-year Floodplain
Utilities Municipal • Electric Available at Site • Land Use: AG (Agricultural) • Water and Sewer Connections Within 500 Feet • Zoning: AG (Agricultural) • Natural Gas Located Across State Road 16 Call For Pricing
COLLIERS INTERNATIONAL 4 LOCATION OVERVIEW Clay County
Total Population: 212,825
Projected Population Growth through 2023: 1.71%
Median Household Income: $61,901
Projected Median HH Income Growth Through 2023: 3.03%
The Smoak Meadow Farm is located within the path of growth in Central Clay County. Two DRI’s, Saratoga Springs and Governors Park are approved both to the north and south of the LOCATION OVERVIEW property. Together, these properties will include over 10,000 residential units, over 1,000,000 square feet of commercial/retail space, over 1 Million square feet of office, 2 Million square feet of Light Industrial, as well as hotels, active adult uses and golf courses. The site is less than one mile from the First Coast Expressway, which will be complete through the area by 2026, increasing the accessibility of the site and the surrounding area to other parts of the Jacksonville MSA and reducing commute times, overall. The site represents an excellent hold for development opportunity with a current lease with the University of Florida Equestrian Team that covers holding costs on the property.
COLLIERS INTERNATIONAL 5 TRADE AERIAL
Orange Park Medical First Coast Expy
Jennings State Forest
Challenger Center
TRADE AREA 21 F i r s t C o a E x p y
Saratoga
(Start in 2019) Springs Camp Blanding 16A
Reynolds SITE Industrial Park 16 N
CP Hall Conference Governors Center Park Source: google earth
COLLIERS INTERNATIONAL 6 N RiverRiver PlacePlace
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FIRST COAST EXPRESSWAYOrangeOrange ParkPark PlantationPlantation Completion 2026 CommunityCommunity 295295 KingsleyKiKingngslsleyey AveAveve PlantationPlaPPllal OakleafOakOOaaak Pkwy anntnta klelealeae KindlewoodKKiindndlelewowoodod DrDr 22421 tatatiotti af iioon P P Pkwykkw MandarinMandarin wyy OldOOlldld St Augustine Rd Community StSt Community AuAu gusgugusus tintitinine R R 1313 Rd 2121 Complete
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Funded for St.Johns River Construction to Start in 2019 16A To I-95 Pending 218218 Construction N 13423 Funding
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COLLIERS INTERNATIONAL 7
First Coast 218315 Expressway 1717 JACKSONVILLE HIGHLIGHTS FORTUNE FORTUNE
No Taxes on Corporate Franchises, 837,000+ Inventory, Foreign 1000 500 Labor Force or Personal in the Region Income 4 3 + NATIONAL OR DIVISIONAL 80 HEADQUARTERSHEADQUARTERS 20+ Higher Learning Colleges & Hospital Universities System in the in the Region US 3 Fortune 500 (Mayo Clinic) Companies CSX, FIS & FNF
Southeast: How We Stack Up
SD ND ABOUT THE AREA US FL GA AL MS NC
EDUCATION ATTAINMENT 86.7% 86.9% 85.4% 84.3% 82.3% 85.8%
UNEMPLOYMENT RATES 4.1% 3.4% 3.5% 3.7% 5.1% 3.7%
MEAN TRAVEL TO WORK 26.1 25.9 27.0 24.2 23.9 23.6 (MINUTES) MEDIAN HOUSEHOLD $55,322 $49,426 $51,244 $44,765 $40,593 $47,830 INCOME
nd Jacksonville is ranked the #2 Hot Spot 2 Where Americans are Moving - Realtor.com
th Jacksonville is ranked the #5 Fastest 5 Growing City in America - Forbes th Jacksonville is ranked the #7 Best City for Job Seekers - Money 7 COLLIERS INTERNATIONAL 8 DEMOGRAPHICS & EMPLOYMENT
DEMOGRAPHIC TRENDS
Population 1,345,596 Households 524,146 Median Household Income $56,587 Labor Force 837,000 Unemployment 2.9% Source: Moody's Analytics RECENT RELOCATIONS & EXPANSIONS Top 5 Employers Company Name New Jobs Cap Inv Genpact 800 $7.2M PGA Tour 300 $86M Wayfair 250 $72M DEMOS & EMPLOYMENT JinkoSolar 200 $50.5M 2 VyStar Credit Union 100 $30M 1
4
3 4
Company # of Employees 1 Baptist Health 10,500 2 Bank of America 8,000 5 3 Florida Blue 7,000 4 Mayo Clinic 6,000 5 Southeastern Grocers 5,700
Source: jaxusa.org; google earth
COLLIERS INTERNATIONAL 9 DIVERSE ECONOMY
Financial Services
Named the #5 fastest-growing city in America by Forbes, Jacksonville has the right mix of talent, infrastructure and available space your company needs to succeed. We are more than just sunshine and endless miles of shoreline. Our Aviation & Aerospace diverse economy and innovative spirit spark creativity and collaboration that flow through every part of our community.
Health & Life Science DIVERSE ECONOMY
Aerospace Healthcare • Boeing • Baptist Advanced Manufacturing • Northrop • Mayo Financial Services • Florida Blue • Deutch • One Call/Aetna Employment • TIAA by Sector • Bank of America Warehousing & Distribution Logistics • Wells Fargo • Amazon Information Technology • FedEx/UPS • CSX • Southeastern Grocers Information Technology • FIS Source: jaxusa.org
COLLIERS INTERNATIONAL 10 TRANSPORTATION & LOGISTICS RECOGNIZED AS "AMERICA'S LOGISTICS CENTER" RAIL • Three railroads - CSX (headquartered in Jacksonville), Norfolk Southern and Florida East Coast Railway 3 INTERSTATES SAME-DAY SOUTHEAST ACCESS TO HIGHWAY 61+ MILLION CONSUMERS 75
• Three interstates including I-10, I-75 and I-95 and 17 highways capable of reaching over 61 million consumers in an 8 hour drive 3 RAILROADS AIRPORT • Jacksonville International Airport, one of the most modern airports in the world, just underwent a $300 million upgrade and expansion JACKSONVILLE INTERNATIONAL AIRPORT • 85+ non-stop daily flights, 29 direct U.S. Airports, 115 million TRANSPORTATION & LOGISTICS tons of cargo annually • 8 regional airports 85+ 29+ $300M NON-STOP DIRECT U.S. IN INFRASTRUCTURE SEAPORTS DAILY FLIGHTS AIRPORTS IMPROVEMENTS
• JAXPORT is one of the regions three deep-water ports and is the #1 container port complex in Florida.
• Over $600 million invested in infrastructure upgrades, from cranes to on-dock rail to deepening the shipping channel to 47 feet with plans to invest another $1.2 billion.
• Boasts the widest shipping channel in the Southeast, enough room for two ships to pass at the same time
• JAXPORT handled over 9.3 million tons of cargo in 2017
• Port of Fernandina is located at the Florida-Georgia border providing key access to producers in the southeast
COLLIERS INTERNATIONAL 11 EDUCATION University of North Florida Established in 1972, the University of North Flor- ida has grown significantly in size and promi- nence - particularly in recent years. Today, UNF #1 school district has an annual economic impact of more than $1 in Florida for 9+ Years (St. Johns County) billion and works closely with community lead- ers and officials to continue to enhance the sig- nificant role it plays in the region. UNF currently enrolls over 16,000 students and is opening a 20+ Higher Learning new Downtown campus with will also include an Colleges & Universities entrepreneurship center.
Florida State College of Jacksonville Jacksonville University Founded in 1965, Florida State College at Named an “America’s Best College” in Jacksonville opened its doors during the height the south for more than 10 consecutive of the nation’s community college movement years by U.S. News & World Report, to proudly serve the Northeast Florida region Jacksonville University is a premier private as the first public, postsecondary educational institution in northeast Florida. Founded institution in Duval or Nassau County to in 1934, JU offers more than 100 majors, exist on an integrated basis. From an initial EDUCATION & MILITARY enrollment of 2,610 students in Fall 1966 to the minors, and programs to over 4,000 stu- current enrollment of 50,000 students, the dents, annually. College has grown to offer 13 bachelor’s degrees, 45 associate degrees and more than 100 technical certificates and workforce certifications. MILITARY & DEFENSE
3rd largest Military Presence in the Country Annual Economic Impact (According to the Center for $23.6B Global Health and Healthcare Diplomacy) 50,000+ jobs Supported by Bases Annual Economic Impact ~$6.1B (Military is the largest public employer in Jacksonville)
COLLIERS INTERNATIONAL 12 • $100M economic impact • 98,000+ room nights SPORTS • 40,000+ jobs supported • 167,000+ overnight attendees • $2.5M+ local taxes collected
ARMADA The Armada FC is Jacksonville’s professional JAGUARS soccer team which plays in the National Premier Jacksonville is home to one of 32 NFL franchises, Soccer League the Jaguars, housed at TIAA Bank Field.
SPORTS
AXEMEN ICEMEN The Axemen, Jacksonville’s The Icemen, Jacksonville’s Rugby Team Hockey Team
GIANTS Jacksonville Giants, 3-Time ABA Champion
THE PLAYERS CHAMPIONSHIP JUMBO SHRIMP BASEBALL THE PLAYERS is the PGA Tour's premier event hosted at the The Jumbo Shrimp are Jacksonville’s minor league Double-A iconic TPC Sawgrass. affiliate of the Miami Marlins.
COLLIERS INTERNATIONAL 13 ARTS & ENTERTAINMENT
VETERANS MEMORIAL ARENA The Jacksonville Veterans Memorial Arena seats up to 15,000 attendees, is the primary venue for national musical FLORIDA THEATRE acts and is home to the Jacksonville Sharks, Icemen, and The Florida Theatre offers 200 cultural and entertainment the Jacksonville Giants. events annually.
DAILY’S PLACE Daily’s Place is adjacent to and shares common facilities ARTS & ENTERTAINMENT with TIAA Bank Field. Seating about 5,500, this facility hosts several major concerts and events throughout the year. MUSEUM OF SCIENCE ART IN PUBLIC PLACES & HISTORY The City of Jacksonville exhibits Jacksonville's Museum of Science & visual art from local artists. There are History makes science, history, and currently 155 pieces of art scattered innovation accessible for all throughout the City. CUMMER MUSEUM OF ARTS AND GARDENS Cummer Museum boasts a permanent collection of more than 5,000 items and 2.5 acres of historic gardens
TIMES UNION CENTER FOR THE PERFORMING ARTS ST. AUGUSTINE AMPHITHEATRE MUSEUM OF CONTEMPORARY ART The Times Union Center for the Performing Arts is a three-venue facility which With a seating capacity of a little over 4,000, this open-air MOCA Jacksonville is a private, non-profit visual arts accommodates a variety of live performances in addition to being home to the venue hosts multiple musical and entertainment acts annually. educational institution and cultural institute. Jacksonville Symphony Orchestra.
COLLIERS INTERNATIONAL 14 SHOPPING & DINING
St. Johns Town Center The St. Johns Town Center is an open-air upscale regional mall located in the Southside area of Jacksonville. The center consists of nearly 1.4 million square feet of retail space including more than 150 retail stores and 18 restaurants. This is the premier shopping center in the Jacksonville market.
Regional Shopping There are three other regional malls and two outlet malls offering Jacksonville over 5 million square feet of shopping at national retailers. Restaurants Jacksonville has a diverse food scene with 100s of local restaurants from food trucks to casual to fine dining across all cuisines.
SHOPPING, DINING & OUTDOORS
Local Merchants In addition to regional malls, Jacksonville has its share of small shopping squares like San Marco, Avondale, 5-Points/Riverside, and the Beaches Town Center, which are typically characterized by local Breweries The are 15 independent craft breweries in Jacksonville and stores and trendy boutiques in addition to local eats. this number continues to grow. OUTDOORS
River Parks Jacksonville has the largest urban park Golf Jacksonville benefits from over 40 miles of Intracoastal Beaches system in the nation and over 80,000 There are over 20 private golf courses Waterways and 50 public boat ramps. Jacksonville has 22 miles of beaches. acres of green spaces. in Jacksonville.
COLLIERS INTERNATIONAL 15 smoak
World of Colliers 2017 YE Performance
Comprised of Revenue Managing 1 ,000+ $3.3BComprised of Rev2Benue Managing professionals 1 ,000+(US$) $3.3B(square feet) 2B
CONTACTS 16 professionals (US$) (square feet) N Established in Lease/sale transactions Transaction value Comprised of Revenue Managing Established in Lease/sale transactions Transaction value Comprised of Rev68enue 69Managing,000 $12 B 1 ,000+ $3.3B 2Bcountries 68 69(US$),000 $12 B professionals 1 ,000+(US$) $3.3B(square feet) All statistics are for 2018,countries2B are in U.S. dollars and include aliates. (US$) professionals (US$) (square feet) All statistics are for 2018, are in U.S. dollars and include aliates.
MORGAN WILLIAMS, MAI BRADLEY COE, MBA, MRE DOUGLAS BLAIR, MSW MATT MCCARTHY, MSRE Associate Director Senior Director Senior Director Established inClient ServicesLease/sale Specialist transactions Transaction value Multifamily Services Multifamily Services Multifamily Services Multifamily ServicesEstablished in Lease/sale transactions Transaction value +1 904 861 1151 +1 904 861 1158 +1 904 861 1101 68 +1 904 861 112869,000 $12 B [email protected] [email protected] [email protected] [email protected] (US$), All statistics are for 2018,countries68 are in U.S. dollars and include aliates.69 000 $12 B(US$) All statistics are for 2018, are in U.S. dollars and include aliates.
COLLIERS INTERNATIONAL
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