Eco Relics founders Michael and Annie Murphy say they are testing the real estate market in Jacksonville’s Rail Yard District by advertising their Stockton Street warehouse for lease.
The Murphys contracted real estate brokerage firm Colliers to market the 51,625-square-foot industrial warehouse space at 106 Stockton St.
The marketing brochure posted Nov. 22 lists the property for a single-tenant lease at $12 per square foot.
However, the Murphys said Nov. 23 they have no plans to sell or move their architectural salvage business at this time.
Michael Murphy said Eco Relics’ sales quickly rebounded from a brief pandemic lag in the second quarter of 2020 and its revenue is up 25% year-over-year.
Annie Murphy said the listing is, in part, out of curiosity to gauge the value of the property and Eco Relics.
“We don’t have a real strategy. We just know the market is good,” Michael Murphy said.
“We’re throwing it out there like a lottery ticket because there’s so much interest,” he said.
“There are a lot of buyers in this area sweeping up properties. Two or three different groups have come in.”
Michael Murphy said they have had several offers to buy the property but none has been enough to entice a sale.
The Murphys bought the former railroad freight depot for $365,000 and opened Eco Relics in 2013.
At the time, the Murphys said the now 93-year-old building had been vacant for several years and had been used for storage.
Annie Murphy owns the building through Stockton Street LLC and the business through Eco Relics LLC, according to Duval County Clerk of Courts and state records.
Colliers Northeast Florida Senior Director Matthew Clark and associates Sam Middlekauff and Olivia Steinemann are handling the Eco Relics account.
The real estate team also is responsible for leasing the nearby Dennis + Ives project in the Rail Yard District that aims to transform warehouse space at 1505 Dennis St. into a brewery, coffee shop, tacos and tequila restaurant, social hall and creative office space.
Middlekauff said the Murphys are “just an owner looking for some opportunity.”
“They’re just looking to test the market, especially in that Rail Yard District and especially in that 32204 ZIP code,” he said.
