$5,361,134
$6,050,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
3107 EDGEWOOD AVE W Jacksonville, FL 32209
9,119 SqFt
Key Details
Sold Price $5,361,134
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,119 sqft
Price per Sqft $587
MLS Listing ID 1036247
Sold Date 06/19/20
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 2016
Lot Size 1.640 Acres
Acres 1.64
Property Sub-Type Mixed Use
Property Description
TURN KEY OPPORTUNITY FOR INVESTORS!
- 11 Years Remaining in 15 year lease
- NNN Lease
- CAP RATE: 5.94%
-NOI: $359,196
Subject offering is a fee simple interest, leased to Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. The demand for dialysis is growing faster in Jacksonville, FL then anywhere else in the nation. Minimal landlord obligations. The tenant has 1.7% annual increases in rent & three 5 year options to renew. Each of the 3 options rent increases by 10%. There is a 15 year roof warranty.
The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville FL. It consists of 17 chairs/stations serving between 90 - 110 patients. The facility was at capacity within 18 months.
See mls#1036246 for 2nd building fo fo
Location
State FL
County Duval
Area 075-Trout River/College Park/Ribault Manor
Direction From Interstate 95 take US 1 north to right on Edgewood Ave W. The clinic will be on your left
Interior
Heating Central, Electric, Heat Pump
Exterior
Utilities Available Cable Connected, Separate Electric Meters
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Structure Type Frame,Stucco
Others
Tax ID 0414490040
Security Features Security Lights
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
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Bought with NON MLS (realMLS)