$4,231,164
$4,950,000
14.5%For more information regarding the value of a property, please contact us for a free consultation.
1211 ST JOHNS BLUFF RD N Jacksonville, FL 32225
7,913 SqFt
Key Details
Sold Price $4,231,164
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,913 sqft
Price per Sqft $534
MLS Listing ID 1036246
Sold Date 06/19/20
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 2016
Lot Size 1.490 Acres
Acres 1.49
Property Sub-Type Mixed Use
Property Description
TURN KEY OPPORTUNITY FOR INVESTORS!
- CAP RATE: 5.73%
- NOI: $283,488
- 11.5 years Remaining in a 15 year NNN lease.
The subject offering is 100% fee simple interest, tenant is Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. Jacksonville has the fastest growing demand for kidney treatment in the nation. MINIMAL LANDLORD OBLIGATIONS. The tenant has 1.7% annual increases in rent and three 5 year options to renew. Each of the three options rent increases by 10%.
The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville Florida. It consists of 12 chairs/stations serving at FULL capacity.
15 year roof warranty.
Open 6 days/week.
See documents for annual rent schedule.
See mls#1036247 for a 2nd building for sale
Location
State FL
County Duval
Area 042-Ft Caroline
Direction Atlantic Blvd to North on ST JOHNS BLUFF and property is on the right
Interior
Heating Electric, Heat Pump
Exterior
Utilities Available Cable Available, 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 1618010000
Security Features Security Lights
Acceptable Financing Conventional, Private Financing Available
Listing Terms Conventional, Private Financing Available
Read Less
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Bought with NON MLS (realMLS)