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Sixty West Buys Adams Street Office Bldg for $3.5M

Asset Revitalization Solutions Sells Historic 35,000-SF Facility
January 24, 2018
Sixty West acquired the office building at 300 W. Adams St. in Jacksonville, FL for $3.45 million, or about $99 per square foot, from Asset Revitalization Solutions.

The multi-tenant property was 75 percent occupied at the time of sale.

Totaling 34,781 square feet, the six-story office building delivered in 1927 and was renovated in 1999. It is located directly across the street from the Duval County Courthouse.

The new owner plans to invest additional capital into the building.

"There was very strong demand for this property as investors see the positive momentum occurring in this area of downtown," said Keith Goldfaden, a broker with NAI Hallmark in Jacksonville.

Keith Goldfaden and Daniel Burkhardt of NAI Hallmark represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4070890 for more information on this transaction.
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