Offices of Department of Corrections and Department of Juvenile Justice Long Ter

Investment Overview

506-508 Houston Avenue offers investors the opportunity to acquire a stabilized, income-producing office asset leased to two State of Florida agencies—the Florida Department of Corrections and the Department of Juvenile Justice. The property provides a dependable investment backed by the strength and stability of state occupancy. This asset is well suited for 1031 exchange buyers and investors seeking predictable cash flow with minimal management responsibilities. The property's long-standing government tenancy, specialized design, and strategic location near Suwannee Correctional Institution reinforce its importance to the agencies it serves and contribute to tenant retention. Government-leased assets of this nature are rarely available to the market and are highly sought after for their reliable occupancy and resilience through varying economic cycles. 506-508 Houston Avenue represents a compelling opportunity to acquire a fully leased, government-occupied investment offering stable income, strong credit tenancy, and the potential for long-term capital preservation—qualities that make it an attractive addition to an investment portfolio or an ideal replacement property for a 1031 exchange.

Investment Highlights

• 100% occupancy
• State of Florida credit tenancy
• Stabilized cash flow
• Low-management investment
• Long-term occupancy
• Mission-critical use
• New 10-year leases starting in spring 2027
• Capital preservation
• Ideal 1031 exchange replacement property