Alexander Pointe

PROVEN VALUE-ADD UPSIDE IN FAST GROWING JACKSONVILLE, FL | NO NEW SUPPLY AND 95% AVERAGE OCCUPANCY IN THE SUBMARKET

Colliers is pleased to present Alexander Pointe, a 232-unit garden-style community with proven value-add upside located Orange Park, a submarket with high occupancy and no new supply in fast growing Jacksonville, FL. Built in 1986 and offering large units (avg. 1,053 SF), Alexander Pointe is in excellent physical condition after current ownership deployed substantial capital into the asset, allowing new ownership to focus investment capital on revenue-generating improvements and build upon recent renovations to unlock the property’s full potential.

176 units (76%) are in near original condition featuring white or black appliances and laminate countertops. Current ownership recently renovated 56 units (24%) with best-in-class finishes such as modern white Shaker cabinets, quartz countertops, upscale hardwood-style floors, and stainless steel appliances to generate monthly renovation premiums. All units have in-unit washers and dryers. Renovating the remaining 176 unrenovated units unlocks over $200,000 in untapped annual revenue.

Positioned is a highly stable submarket with average annual household income of $94,300 within a 1-mile radius of the property, Alexander Pointe is only 15 minutes from large employers including Naval Hospital Jacksonville, the Jacksonville Naval Air Station (10,000 military personnel and 7,500 civilian jobs), and three large Amazon distribution centers. New ownership will be able to leverage strong demand (Avg. 95.4% occupancy), no new supply, and excellent net migration to Jacksonville (#10 in the nation, PODS, 2025) to push rent growth while executing a strategic value-add program. Alexander Pointe represents an ideal value-add asset in a submarket with long-term upside.

96% Occupied