NE Florida Commercial RE Rocevery

The NE Florida commercial RE market shows continued signs of activity through closings, contracts, showings and new listings.  Yes, the market continues to show a needed recovery gap from the elevated property values a few years ago to today's levels.  Daily interests from both the buyer/investor as well as property owner have decided the market has recovered to the level it's time to buy and sell as supported by the following activity:

 Feb-March activity

-closed 2,200sf medical space in Flagler-Whitehall Professional Office Park on Old Moultrie Rd., St Augustine (there is increased activity in this complex for the entitled110 bed ALF 4.5ac parcel, 6,000sf of space for a primary health care provider, and an additional medical needed space of 3,000sf)

-closed 1,172sf professional office condo Southside

-closed 1.82ac vacant land parcel in St Augustine 

-scheduled to close 2,000 sf office bldg in Atlantic Beach this week

-8.4ac vacant land track under contract in Ponte Vedra Beach 

-47ac+/- listing for $10.2 million on CR210 St Johns, FL
-contracts for several vacant land tracks have completed the due diligence

-multiple new listings for downtown vacant land tracks prime locations for drive through retail

Thank you for trusting Coldwell Banker Commercial Benchmark with your commercial real estate needs.

Regards,

Eddie Segars

Coldwell Banker Commercial Benchmark

4348 Southpoint Blvd Suite 310

Jacksonville, Florida 32216

Cell 904.806.3956

Direct 904.421.8559

Office 904.281.1990

Fax 904.281.0998

http://www.cbcworldwide.com/esegars