JINGOLI POWER | 104 YEAR-OLD COMPANY — Sale in Jacksonville, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Jacksonville, NC 28540
  • Year built: 1966

Photos

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Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer this excellent investment opportunity for sale in Jacksonville, North Carolina. The building was constructed in 1966, renovated in 1996, 2025, and consists of 19,512 square feet of office (62%) and 11,959 square feet of industrial space for total of 31,471 square feet and sits on large 4.21 acres of land. The lease guarantor is a publicly traded Gannett Media Corporation who occupied since May of 2013 until it was subleased to 104 year old JINGOLI Power LLC in 2025. Gannett Media Corporation owns USA Today and operates many media entities throughout the US. JINGOLI Power offers full turnkey project execution services including Engineering Procurement and Construction services, General Contracting, and Design, Build, Own, Operate, and Maintain (DBOOM) for the energy sector. Visit their website to gain more insights into the company at www.jingolipower.com. Jacksonville is the county seat of and the most populous community in Onslow County, North Carolina, which is coterminous with the Jacksonville, NC Metropolitan Statistical Area. As of the 2020 census, the population was 72,723, which makes Jacksonville the 14th-most populous city in North Carolina. Demographically, Jacksonville is the youngest city in the United States, with an average age of 22.8 years old, which can be attributed to the large military presence. It is the home of the United States Marine Corps' Camp Lejeune and New River Air Station. Jacksonville is located adjacent to North Carolina's Crystal Coast area. This is an excellent opportunity to acquire an office/industrial property with very strong tenant at below replacement cost. Investment Highlights: • Corporate Guarantee by Gannett Co. Inc., The Owner of USA Today and Many Other Media Companies, Publically Traded: GCI • Subtenant: JINGOLI Power offers full turnkey project execution including Engineering Procurement, Construction, General Contracting, and Design, Build, Own, Operate, and Maintain for the en

Market Context

This mixed use in Jacksonville, NC is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing mixed use assets. The building dates to 1966. Compare it against other mixed use listings for sale in Jacksonville, NC — view the full market.

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